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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Money Mood who wrote (17242)	5/20/1998 10:10:00 AM
From: Mr Logic	Read Replies (1) of 31646

Viktor, I see what you mean about a fractal view, but if you take that to its logical conclusion (3 runs, 2 runs, 1 run) then the 1 run view with 40% retracement gives a retracement to about $9. Personally I would not set any store by this retracement view as there is no basis for it to be true. My subtler point, I guess, is that the information to predict the recent decline has been there since before the April 1 post. So at that time, if the theory holds water, it should have been obvious that the stock would move down to yesterday's levels and buying at 12.5 for anything other than trading would make no sense. It would also be obvious that the stock will trade down to about $9 which to me seems unlikley before the full year numbers are out in July/Aug. Patrick.

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