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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (23762)	9/22/1999 11:24:00 AM
From: shasta23	Respond to of 68212

HI EVERYBODY! I don't have a real clue about FA but does someone follow AWRE? It's seems to form a bottom here and had a strong upday yesterday despite the negative market sentiment. Rotation into beaten down stocks? If someone of you follow the stock i would like to know if you think the company is ok or not? Projected growth rate for future and the DSL field seems good but the chart is still quiet bearish(under all moving averages and declining 100DMA) so i'm uncertain about the company. Thanks in advance! STEFAN

To: shasta23 who wrote (23762)	9/22/1999 11:28:00 AM
From: mattie	Read Replies (3) \| Respond to of 68212

Hi Sephan, I agree with your point on the volume and also the overhead resistance. I think we eventually work our way through if the market cooperates. Dow looks sick. Lets see if it can hold 10500. I am not covering my DIA's short position yet just in case it breaks. But the Naz composite looks OK in my opinion. Making steps of lower lows at the bottom of the range and hitting old highs at the top of the range - a triangle forming pointing at an upside breakout if it continues. I would like to see a climatic sell off which appears to break support on the Dow and shake out the lose hands. Then I see a rally attempt.