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Technology Stocks : Network Appliance
NTAP 107.32+3.9%3:59 PM EST

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To: Jacob Snyder who wrote (8919)8/10/2001 1:36:59 PM
From: Tulvio Durand  Read Replies (1) of 10934
 
NTAP's superior relative strength vs EMC is quite apparent in the Point and Figure chart shown below. Am confused when you say "but I'm slowly gaining confidence the bottom is in range. A successful test of the July lows would increase my confidence a lot.". Test of July lows means a 40% drop from NTAP's current valuation, hardly a bottom now. Also what is your feeling on Q report due August 14 after market close? Am trying to decide whether to buy before release of numbers and the CC.

Tulvio


Relative Strength:
Network Appliance, Inc.|Network Appliance (NTAP) Nasdaq Nat. Mkt.
EMC Corp.|EMC (EMC) NYSE
10-Aug-2001 C:80.33 Chg:0.56
© StockCharts.com
110.00 || + | | 110.00
108.00 || + | | 108.00
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104.00 || + | | 104.00
102.00 ||O + | | 102.00
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92.00 ||O X + | | 92.00
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90.00 ||O X X O + | | 90.00
89.00 ||O X O X O + | | 89.00
88.00 ||O X O X O + | | 88.00
87.00 ||O X O X O + | | 87.00
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82.00 || O X O X O + | | 82.00
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80.00 || O X O + X | | 80.00<
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74.00 || O X O X O X O X + X | | 74.00
73.00 || O X O X O X O X O X | | 73.00
72.00 || O O X O X O 8 O X | | 72.00
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63.00 || O X O X O X O X O X O X O X | | 63.00
62.00 || O X O X O O X X O X O X O X | | 62.00
61.00 || 2 O X O X O X O O X O X | | 61.00
60.00 || O O X O X O X O X | | 60.00
59.00 || O X X O X O X 6 X | | 59.00
58.00 || O X O X O 5 O X O X X | | 58.00
57.00 || O X O X O X O X O X O X | | 57.00
56.00 || O X O X O X O O X O X | | 56.00
55.00 || O X O O X O O X | | 55.00
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43.00 || O O 7 O X + | | 43.00
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41.00 || O + | | 41.00
40.00 || | | 40.00
39.00 || | | 39.00
38.00 || | | 38.00
37.00 || | | 37.00


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+ = bearish resistance line
+ = bullish support line
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