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Strategies & Market Trends : Charts for Bottom Breakout
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To: Gardner who wrote (1663)3/31/1998 10:48:00 PM
From: Ed Huang  Read Replies (1) of 3105
 
SRMI VRTX,

SRMI chart seems to confirm Bosco's comment. It broke
$ 31/32 - 1 level support a few days ago then has been
falling very quickly. It seems there's more to come. I
wouldn't "catch the falling knife" like this, at least not
now.

VRTX is moving down gradually. It may have some support
at around 31 1/2 - 32, if the support level can not hold,
VRTX may continue to move down to test 26 - 28 level.
IMO.
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