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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (10959)	1/28/1998 8:56:00 PM
From: Trader X	Read Replies (1) of 17305

The ASYT question, with pictures and arrows describing each part. I humbly give credit to Arlo Guthry for that lead-in line. aV, in line with your discussion on ASYT, there's some TA support for considering that the bottom is in already... chart.yahoo.com The line of highs made during the mid Dec. to mid-Jan. sideways consolidation put resistence at ~23. Recently ther was a breakout above that level on good volume. The past 4 days have seen a gentle pullback to the area of previous resistence, what should now be support near $23. I think this is an ideal time to be accumulating shares of ASYT, since it seems that a new uptrend my be beginning now. I'm seeing the same thing in AMAT, which is bumping into resistence at ~$33. chart.yahoo.com I'm also getting buy signals on NVLS chart.yahoo.com which just today broke above resistence at $35. Several confirmations that the down trend is not only broken, but that a new uptrend is starting for the "lead sled dogs". -Kevin

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