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Technology Stocks : Spectrian Co. (SPCT)

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To: Leo Francis who wrote (405)10/9/1997 10:59:00 PM
From: Ross   of 738
 
Leo,

You may be correct and my use of "impulse" is, quite possibly, to
strong for this correction. The long term chart is still intact (positive).
But with such a dramatic break of the uptrend, technically, I would
be concerned. This may be an over simplification but corrections,
more times than not, have a A, B, C form. "A" being the first leg down
"B" the corrective phase (up in this case) and "C" the final move.
I know absolutely nothing about this company but, I personally, would
be careful here (if your long). I'm sorry to give my opinion when I
really have no stake either way.. Just could not help myself. <g>

Ross
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