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Technology Stocks : Actel [ACTL]
ACTL 0.00010000.0%Nov 14 9:30 AM EST

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To: Joseph wang who wrote (34)1/24/1996 12:15:00 PM
From: Stephen M. Neal   of 674
 
JW, just to add to your longterm scnenario. I track Accumulation/Distribution which measures the buying versus selling on up and down moves. This selloff we witnessed over the last half of 95 actually showed a high level of buying. In fact two days ago, this index exceeded the highest level which it made near last year's highs. Somebody is buying up this stock on dips. It looks bullish to me longterm. 13 should continue to provide support on pullbacks. There is as JW says resistance between 15 and 16 and I think his strategy is a good one. XLNX and ALTR and ATML are also up so we have group strength on our side. May the force be with us.
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