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Technology Stocks : UNPH _ Uniphase

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To: Ed Frye who wrote (789)3/11/1998 8:24:00 AM
From: fred woodall  Read Replies (1) of 1261
 
Thanks for the input Ed. You covered a lot of ground. The pressure to do something with money besides stuffing it under the mattress is great. Yesterday convinced me reality plays a very small part in this market. Even if the oil stocks go up this week it wouldn't surprise me a bit and if the net stocks are just taking a breather I can claim to have seen it all.
UNPH has to make its move very soon according to my indicators.It's judgement time. The 100 tick chart looks like a tipped over funnel. This pattern always manages to produce a drastic move. Which way is difficult to say. Indicators bearish however the trading tells me a potential move to the upside.
Newswire refuses any hint of earnings. Something comes up I'll post.
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