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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Tim J. Flick who wrote (14378)4/8/1998 9:49:00 AM
From: Norman Stone  Read Replies (1) of 31646
 
> Very tough period ahead for techs <

With NMS imminent, I regard current decline as a slow MM shake. You can watch a slow shake -- it is a massive block at ask sucking up all buying until the market knows the price will drop. Then the massive block drops a tick. This creates a very smooth downward slope. Look at TAVA 3/31 - 4/2. Once confidence is shaken and stops are hit, the shake has done its damage. Block selling causes further panic until hard ground is found, then the buying ensues.

All Y2K's are taking a hit, with the Y2K index down 3%. TAVA support at 10 3/4 is very strong right now, but it will not last forever. Look for another test today.
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