VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Chisy who wrote (8642)	2/23/1999 2:11:00 PM
From: John Curtis	Read Replies (1) of 27311

Chisy: TA for intra-trading day, with it touching the lower band and RSI(Relative Strenght Indicator) equaling ~44 say's it'll go lower(RSI needs to be below 30 to indicate a reversal). However, if you look at TA for daily indicators the trend, with it just off the upper band and RSI approx. 66 indicates a continuation upwards. Bottom Line? TA on such as VLNC is a toughie.....you basically plot yer courses and ya take yer chances when trying to use it with untried speculations. As I'm known to say.....don'tcha just loooove speculating? ;-) Regards! John~

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