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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: John Boluyt who wrote (1839)	11/7/1999 7:22:00 PM
From: Perry Ganz	Read Replies (1) \| Respond to of 24042

John just did that on Q charts and if we could stay in that channel till the end of the year the price would be $1042 per share But maybe we will get a bounce when it splits perry@funwithnumbers.com

To: John Boluyt who wrote (1839)	11/7/1999 10:51:00 PM
From: Guy Gordon	Respond to of 24042

Yes, stock charts are like fractals, in that they are self-similar at different scales. Sorry for the jargon -- it simply means that there are trendlines at different time spans, as you point out. My chart shows a 12-month long trend channel. That qualifies as both a medium and long-term trend in my book. (Some people would limit long-term to more than one year.) Within that 1-year channel, JDSU moves up and down in short-term trends. I know I'm stating things you already know, John. But others are listening. :-) As you point out, JDSU has not yet broken the short-term uptrend. I expect it to do so this week -- both because JDSU is way above it's moving averages, and because the Nasdaq is at the top of its channel. I expect a market sell-off, and JDSU will participate. That won't be the end of the world. It will come back. JDSU is super-strong fundamentally. So I intend to keep owning this stock. Say, that's an idea. If JDSU were a comicbook hero/villain, who would it be? What are JDSU's super powers? (Super vision for one!)