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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Ross who wrote (2121)8/31/1997 11:21:00 AM
From: Ross   of 4697
 
To all,

I would like to add a negative note to the chart I posted. WFR has
a habit of retracing approx. .50 percent of any move before it
continues in the direction of the trend.. If the break on 7/12/97
($38.50) to the low on 8/18/97 ($25 5/8) is a trend change (and,
by the way, very likely).then a .50 retracement would take it to
around $32.00 before the continuation (down). If this is the case,
support is around $24.00..

All this is subject to change. :)

Ross
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