VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (6351)	12/29/1998 1:31:00 AM
From: Pallisard	Read Replies (2) of 27311

Zeev. If you put any faith in the IEI as a contrarian index, then the stock must be due for a rise quite soon, since in my estimation this index seems low as regards the tenor of many posts. Or do you not agree with that? Personally I'm in a 'wait & see' mode; the right shoulder "broke" and we had our trip to 5. Now we wait for the repair, and let the chart guide us in the abscence of fundamentals. As you pointed out, charts often tell us what's going on fudamentally when there no news. Some people, however, think that charts are of no value whatsoever, as does Visnic. Pallisard

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