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To: Andrew Vance who wrote (13807)	5/13/1998 4:15:00 PM
From: Trader X	Read Replies (2) of 17305

re ALYD. closing price action very bullish. Looks like a hammer or variant thereof was put in by ALYD with the drop to 12 3/8 and close above $14. This should be the bottom of the latest retreat, and should also be followed by a fast technical climb, a la Nov. 97 and April 98. I don't agree with the Everen ta people that 14 was significant support. If anything, $15 was the short term significant support area. Closing prices are more important technically than intraday prices, and 12 1/2 was even more technically important than 15 was. As I see it, ALYD held 12 1/2 today by closing at 14 and holding 12 3/8 intraday. Bottom line: buy more tomorrow. Tx

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