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Technology Stocks : Xicor ?

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To: kblaine flaherty who wrote (509)	7/24/1996 2:58:00 PM
From: dppl	of 2920

Hello all, Michael Spahr asked me to pop over here to say hello. I assume no one likes me. I'm the guy was telling you to get ready for 6. That was when XICO was at 11 or so. Very simply put, XICO should fall 45% of its previous high which was 10, so to 5 1/2. See the chart: 45% of 12 1/2 took you to a low of 7 1/2. Retracement to 10 and now fall to 5 1/2. It is always posible to rally from this low and then fall again. That probaby depends on the market. Don't buy at this point (there are no rigid rules about 45%). HOwever, you can HOPE that XICO will then fill in with a horizontal or slightly rising flag. As for this being the end or near the end. All my signals are pointing to a major reckoning in early August and a retesting or breaking of that around expiration day. NSDQ 950 is a cert now. Techs may be getting oversold (many are certainly not), but that's because they were WAY overbought, up into the stratosphere. So hang in there and don't do anything until you see 3 bottoms confirmed and a consolidation. By the way XICO's debacle would have happened with or without the broader market's activity. good luck dppl

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