Vitesse Semiconductor Message Board

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Technology Stocks : Vitesse Semiconductor

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To: tech who wrote (814)	8/7/1997 8:15:00 PM
From: tech	of 4710

Analysis of VTSS as of close 8/7 the rate of change of the exponentially smoothed average price suggests that a cycle top is forming for this equity. The rate of change is now declining indicating distrubution is taking place. This is a bearish reversal indication in this market. The 21 day stochastic has crossed the 80% line and is decreasing accompanied by decreasing volume accumulation. This is a strong bearish indication that a price reversal to the downside is now taking place. This type signal is often followed by further downward price movements. The high equity price has reached a new six month high which is not cofirmed by an equivalent high in On Balance Volume. This is a bearish reversal that indicates that prices could turn shortly and start a downward movement. Stochastics = Bearish OBV = Bearish Money Flow = Bearish Prices should still trend lower

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