BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: jethro who wrote (3531)	1/19/1998 10:48:00 AM
From: Cruiser	Read Replies (2) of 6980

Jethro - It's very easy to determine basic support and resistant numbers. How accurate and strong they will be may be up for debate. The stock was trading in the high 30's for a periond of time and we probably had some support at around 36 (although I think it was closer to 34 1/8 but who's counting) ... You judge the resistance by where the stock may have had previous support. The theory being that investors who previously bought the stock when it dipped to the support level will now take profits at the same level (until the resistance is broken) Of course technical analysis is a bit of black magic anyway ... and dont worry, I wont quit my day job. Cruiser

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