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Technology Stocks : Noise Cancellation Technology (NCTI)

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To: Lawrence Burg who wrote (2270)10/4/1998 2:42:00 AM
From: TA2K  Read Replies (2) of 2775
 
Lawrence, You did some analysis on NCTI back in August. I'm wondering if you could do it again. I am really curious about the prospects of this stock now about to turn up. Next week I'm anticipating a slight downward trend. But I don't expect the 5-day MA trough to go lower than the trough a month ago.

What I'm really interested in, is to what extent you think NCTI is at a bottom. It sure looks like a bottom to me. Looks like (if we rebound to 17/32 x 9/16 out of the slight expected drop, 1/2 x 17/32, in the coming week) NCTI will have formed a fairly clear reverse head and shoulders -- and that would be the first time since the grand peak a year ago (caused by the Intel license announcement).

Your repeat analysis would be greatly appreciated.

Thanks,
Nicholas
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