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Technology Stocks : White light from LED
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To: John Finley who wrote (66)12/2/1999 8:00:00 PM
From: kinkblot  Read Replies (1) of 565
 
It WAS a blast-off day.

Maybe it deserves a little leeway. 23-7/8 was the 39-week moving average and also the last short-term peak from 10/13. I didn't expect it to get there today, but it's not surprising that someone decided to sell at that level. I don't see a whole lot of chat about the stock elsewhere on SI or on the other boards. That leads me to believe that it wasn't just day traders buying today. I saw quite a few large blocks go by on the tape, 10K+ shares.

To really turn the chart positive, as the chartists like to say, the price must break above that moving average and close there.

WT
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