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

To: Johnny Canuck who wrote (24507)	12/6/1999 2:15:00 PM
From: Johnny Canuck	Respond to of 70493

Adding to TLAB core position at 61 7/8. Currently testing support level around the 100 SMA (around 62 1/2). I can't find anything fundamentally wrong with the company. Large block selling finally kicked in about 1/2 hour ago. About 400,000 on the sell out of about 6 million total. Not wholesale selling yet. So far indications are that Q4 is on track to be a strong Q for most telcom equipment stocks.Next support around 58. Resistance at 68. CIEN making it run before earnings.I am still picking up consistent block selling on this stock.