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Technology Stocks : JDS Uniphase (JDSU)

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To: j t jackson who wrote (2871)12/13/1999 5:21:00 PM
From: TigerPaw  Read Replies (1) of 24042
 
My amature TA from looking at the charts and money flow shows that JDSU regularly trades at about it's 200 day average. When it gets signifigantly above that it tends to stagnate for a month to 6 weeks until it hits that line and then rises again. It's very steady on a long scale. The last basing was when it was $120-$125. It's roughly double that, so I would guess the big players are waiting for it to get back to the 200 day average.

Other than that, volume was high so I would be curious if it was down on small purchases and up on large. That would indicate a MM game to buy shares cheap. (That's what money flow would tell you, you can't say much just looking at the price alone.
TP
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