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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (2430)3/18/1998 12:41:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
FMK: The Money Flow indicator on Big Charts does not show a rapidly rising Money Flow Index. The index is negative and is not moving much. On the other hand, the Bollinger Bands have drawn very tight, even tighter than before the short-lived move to $7. Tightening of Bollinger Bands often signals a rapid price movement, but it does not predict in which direction the price will move.
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