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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: hcirteg who wrote (12138)	6/15/1999 2:46:00 PM
From: Chisy	Respond to of 27311

As I see it: It means one of two things; 1) The stock is over sold or, 2) The trend is turning down.

To: hcirteg who wrote (12138)	6/15/1999 2:58:00 PM
From: Rich Wolf	Read Replies (1) \| Respond to of 27311

Hi HC, Depends upon whether it penetrates and stays outside it, I'd say. Also, if you're looking at daily charts, might make more sense to look at where it closes (to be consistent). In general, I think this lower envelope is defining an excellent (re)entry point for the stock, and expect that our 'slow wave' of a rolling stock pattern will be basing here and moving up again. Usually, if you think it is following such a pattern, you'd be looking to buy at the bottom of the bollinger band. You might also want to compare the crossing of the slow and fast MACD curves for indication of the upmove. If you just use the band as a guide, you're guessing the move; if you use the MACD, you're waiting for confirmation of the move first. Rich

To: hcirteg who wrote (12138)	6/15/1999 3:17:00 PM
From: John Curtis	Respond to of 27311

HC & Palli: To get a better "read" on the Bollingers you should combine them with RSI information. If the lower band has been pierced, and RSI is below 30, this indicates a turn-around is about to commence. If the lower band is pierced, and RSI is above 30, then all else being equal it'll fall further. I've found this to be a fairly reliable indicator with proven stocks,,,,with story stocks like VLNC it's less so. So take it for what it's worth. Palli: I agree. A limit buy order is now appropriate if'n you're a gambler. Going strictly on the last 6 months of history one can assume the downside from here is very limited. So all else being equal.....welll.....let's just say I've put my money where my mouth is and now have re-established my "traders" block in anticipated of the usual rise to come. One caveat....this is all merely me opinion, and past performance is no guarantor of future performance, etc., etc., etc.. Meanwhile, anybody heard anything about those OEM.... ;-) John~

To: hcirteg who wrote (12138)	6/15/1999 7:06:00 PM
From: Pallisard	Read Replies (3) \| Respond to of 27311

HC, Bollinger bands: 10 day MA - no pierce, 20 day MA - pierced, 30 40 and 50 day - no pierce. When you look at someone else's chart whose defaults are unchangeable, you get only that perspective. Remember that a chart is just a history of price action with corresponding volume. It shows you a visual history of price levels where buyers and sellers got in and out which creates "supports", "floors", "ceilings" and "trendlines" by repetition of the price movement to and from those areas. The inferences follow by inductive logic. The most accurate inferences must be drawn from a variety of time frames and parameters executed by comparison and previous experience. Accumulation-distribution is positive. Money flow is positive. OBV has waned somewhat but is still positive. Short term momentum is negative, that's obvious. MACD and stochastics are at a cycle low where they usually turn UP. The long upward channel is very well in tact, especially if you look at a 30 week chart. All expectations are that the mid 6's represent another cycle low in the general trend, and should begin retracing, perhaps after options expirations. JMHO