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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST

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To: Johnny_Blaze_420 who wrote (23765)9/12/2000 3:14:08 PM
From: Allan Harris  Read Replies (1) of 42804
 
Re: Price drop is almost identical to the last months slide from 80 to 48

From the low of 21.75 on May 24, prices moved up in five waves to a high of 82 on July 19 in 38 (Fibonacci) trading days. From that high, prices have now moved down in a three wave corrective pattern almost an exact 50% (Fibonacci) of the previous up wave and guess what, today is the 38th trading day from that July high.

Magic?

A
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