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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Chisy who wrote (17964)1/31/2000 3:53:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Chisy, a lot of people use the "gap closing" technique to determine entry points, as a result, they rarely completely close, and when a closing attempt occurs, it is more in the form of a single daily swing down, with a later retest, because a lot of buyers are anticipating that and setting their orders just above the gap (I did).

Zeev
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