Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Bill Wexler who wrote (14560)	3/11/1998 9:30:00 PM
From: Timoteo	Read Replies (2) of 18263

Bill- ZITL failed a key technical test today: siamese twin false top with a recurring fallback on increasing volume. If it doesn't breakout past 16 and hold it for at least 20% avg. daily volume, we should see a re-test to the false low of 13 3/8 by Thursday of next week. Oh wait a minute, I was reading my negative stochastic indicator upside down. Actually we had a double false bubble pullback on accelerating distribution. Wait, my 24 day and 64 day volume geometric moving averages crossed on a descending slope. Anyway- what did you think of today's action? Looked pretty weak to me. Timoteo

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