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Technology Stocks : LSI Corporation

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To: uu who wrote (8707)	12/22/1997 9:21:00 PM
From: Duane L. Olson	Read Replies (1) of 25814

//OT -- Addi// ELNK Addi, old friend, as you know, I cannot offer advice on the purchase or sale of stock.. However, I can share my thoughts.. When last I looked at ELNK, the pattern was strong, but stochastics put the stock in an area of vulnerability; so I suggested that I would exit the stock if the RSI began to weaken... The RSI began to weaken the following day. 207.95.154.130 ELNK still is in a strong pattern, but the stock is apparently pulling back to it's moving average, around 22 1/2. If it passes this test of support, it should return back near the previous high. A breakthrough to the downside, with a close under the MA would be a short term negative -- and further consolidation would be needed before attmepting the next run. IMHO... Hope this helps.. dlo

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