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Strategies & Market Trends : The Rational Analyst
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To: HeyRainier who wrote (460)3/17/1998 11:09:00 AM
From: HeyRainier  Read Replies (1) of 1720
 
[ EVI ]

Continuing to experience some pain...down 2 1/8. As it continues to sell off on relatively lower volume, some support should materialize now that it's at the bottom of its Bollinger Band, at its Speed/Resistance line, and nearing the end of its Cycle. One more down day would be ideal before some support takes this back up, assuming of course the Fundamentals of the company aren't harmed too drastically by the recent acquisition.

But this is all theory of course..

Rainier
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