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Technology Stocks : Zenith - One and Only

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To: Mr. Aloha who wrote (1015)8/2/1996 12:14:00 AM
From: Scott Lerner   of 6570
 
Hi guys,

This is my first post to this group, but I have been following for a while.

It is not strange that Zenith held todays gain. If you follow it's technical chart, you would see that about four days ago the indicators started going positive. As of yesterdays close, 9 out of 10 indicators were a solid buy (not including the 28 day moving average at 10 1/16). These include the TCI, On-Balance volume, Relative Strength and Money Flow.

Up until this point, the stock's TCI was definately negative. I believe that the weak-hands and flippers are out and now the stock can begin to accumulate. I would guess that there will be some resistance around 12, but from there to 50(wishful thinking).

Scott (a ZE shareholder)
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