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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (1692)	8/2/1999 2:03:00 PM
From: vegetarian	Read Replies (1) \| Respond to of 2126

Just a caution, not to meant to disappoint anyone. Technically, there is a potential head and shoulder formation on the LTXX chart. The left shoulder beginning June to June 20, head from June 24, July 20, and then right shoulder after that until now. The H & S formation is not complete so that is not a problem at this point. It could just consolidate here and take off, to do that it should: -break old high -should not drop below the neckline decisively on closing basis which it would meet somewhere a little over 12 The volume in the left shoulder is high with a gradual decline of volume in the head and the right shoulder. The problem in breaking the neckline is that in spite of the strong fundamentals and upgrades, the shorters would get in and short it on the break (since it had a great run and buying volume has subsided) because the potential down-side then would be about 9-9.5. It is possible that the Lehman analysts realize this and upgraded to keep the interest alive so that it does not form the bearish pattern until some good news like earnings is out to pull it through this potential bearish formation. Just my two cents, I am watching this carefully after having held it for 3 years through the rough times.