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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Matthew Leo who wrote (6266)12/27/1996 5:06:00 PM
From: dwight vickers   of 42771
 
Matthew,

The aroma is "Insolence" by Calvin Klien.

I (and Janice) do use technical analysis. Just not the exotics that have become popular over the last few years. Old dog etc. (me not Janice, phew!)

For example the support on NOVL is now the old lows at 8 3/4-9. Resistance that is really significant is at 12-12 1/2. Several old tops and a major trendline. Then there is resistance at 14 and 17. I won't even post the support below 8 3/4. Joe is in the kitchen and might hurt himself.

I also sneak a peak at moving averages. Am thinking of writing a paper on a new one I have recently recognized. "The One Day Moving Average And How To Use It"

Dwight.
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