VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Chisy who wrote (20175)	6/22/2000 11:58:00 AM
From: John Curtis	of 27311

Heh! Oh, no! TA has value all right......right up until the time it doesn't. ;-) Me thinks most everyone playing this game uses it in relative degrees, and as a system that judges the future based on the past....well....it's not bad as systems go. But still; when it comes to market/equity forecasting everybody's working with a more or less cracked crystal ball. This must be so, else there'd be a whooole lot more millionaires out there than there are, eh? And perhaps this is because underneath it all TA is all about predicting human behavior as applied to market/equity forecasting. And we know how predictable human behavior, as a mass entity, is, eh? ;-) But even having said this, experiencially speaking days like today are oft-times viewed as the market trying to signal something about the health of the equity in question. And in this case..... Meanwhile, speaking of health, I like the relatively healthy manner in which VLNC is currently trading. A brief spurt up, then a pull back followed by another brief spurt up and a pullback. So far this bodes well for its future direction. John~

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