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Technology Stocks : Network Appliance

NTAP 115.33

-1.4%

10:13 AM EST

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To: Miguel Octavio who started this subject	1/25/2002 12:27:21 PM
From: HairBall	Read Replies (1) of 10934

A technical view… I believe NTAP put in a significant bottom back in Sept01. I called that bottom on the MDD thread on IHub going long at (6.05). The following move rallied to near the top of the Nov00 gap-up area 28.28 (as expected) and then turned back down. Per my technicals, I expect the current down turn to only retrace part of the Sept01 rally before it turns back up. In order for the following scenario to play out (per my technicals) the price action needs to remain above NTAP’s 200-day SMA. I am not talking about just penetrations or breaches. The “next” major resistance to the rise off the Sept01 low will be the 23.6 Fib retrace area (40.63) of the decline from the all time high in 2000 into the Sept01 low. Of course, the price action must first over come the Jan02 (27.95) high, which is near the top of the Nov00 gap-up region (28.28). As always time will tell, price action points, price patterns and trend lines to keep an eye on… To view both my longer-term chart and “intraday” chart follow this link lgscharts.homestead.com and click on CHARTS 3 and 4. Regard, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on any one person's views or analysis, especially an anonymous message board poster such as myself. Do your own research and take responsibility for your own investment decisions.

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