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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV
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To: Bruce Cullen who wrote (2292)4/19/1999 4:05:00 PM
From: Mike Fredericks  Read Replies (1) of 13157
 
Well Mike one should look at closing prices but I have learned that the bottom of the drops on the intra-day chart would suggest a minimum of 16 3/8 I drew a line of support. Thus the theory... but theories are not always my best friend. :) Just trying to add input. Good luck all.

When I look at support lines, I look at the trend of the lows more than the trend of the closes. I don't look at intraday trend so much except for the very immediate future (like 10-20 mins). The last low intraday low was 13 1/2 on Thurs. Today's 14 1/4 intraday low tells me we're still in an uptrend (the low is higher than the last low.) The close however was lower than Thurs close, so I'm not all happy that this stock is going to continue its run-up. Will be interesting to see what the fall-out is from the conference call and the NAB conference.

-Mike (who would have been very happy to be wrong.)
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