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

To: Chisy who wrote (13453)	7/30/1999 7:55:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Chsy, there are many possibilities, from where we are, a one day "volume/price" reversal might be one, another would be a long period of consolidation in the $5.5 to $6.25, yet another could be the lack of a break under $5.5 on a closing basis, but more important would be a close above $6.5 on appreciable volume. All these are just price indicators, then you have to add to that additional technical indicators such as the behavior of the bollinger bands, MACD, OBV and money flow. In the case of VLNC for instance, OBV is still negative, but in the last few days there is mild improvement in money flow, not enough to turn the tide, IMHO, however. Zeev