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Technology Stocks : Vitesse Semiconductor
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To: cgraham who wrote (1704)9/29/1998 2:21:00 PM
From: stan s.  Read Replies (2) of 4710
 
The drop today. I mentioned in post 1703 the "gap from" that VTSS left at 25...(actually at 24 3/4 or so)...it's also in that chart I posted.

Gaps are inevitable....filling them is almost as inevitable....a weak line of support is offered at the gap from area at 24 3/4 or so.
Traders scan for gaps....wait and see if support holds once they're filled.

Unnerving for holders though. A closing break below 24 3/4 would tend to indicate an eventual test of 22 1/4.

We'll see, thus far from a TA standpoint nothing too unexpected is happening.

Stan
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