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Technology Stocks : ADC Telecommunications

ADCT 3.690

-1.1%

10:09 AM EST

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To: Mao II who wrote (1397)	1/18/2001 2:30:42 PM
From: Rainmaker	Read Replies (2) of 1944

M2, here's how I'm looking at the resistance... Right now, on both the 30 and 60-min charts, MACD made higher highs from 12/10. Since I follow MACD, the next resistance level is around 27. The price resistance of 25 that you're citing relates to early November? At that time, MACD was negative and the move to 25 MAY be attributed to oversold conditions as stoch was below 20? According to Kensey, stoch is not reliable when MACD is below equilibrium. JMO - either way, it's good to see ADCT moving above 20 : )

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