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Technology Stocks : Spectrian Co. (SPCT)
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To: Jay Malde who wrote (549)10/24/1997 7:30:00 PM
From: JOHN CHEN  Read Replies (1) of 738
 
To Jay and ALL- I don't know if you guys are familiar with TC2000 by Worden Brothers, but this is the technical software I use.

Today TC2000 issued a strong warning not to bottom fish in the stock market.

The look of SPCT chart is terrible. Not only selling pressure is 100% negative for the past weeks, its money stream nose dived.

And the bad thing is long term the stock's RSi and MACD lines have yet to reach the bottom, meaning more downside to come.

Please be careful as I see this is not the time to bottom fish.
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