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Technology Stocks : Vixel (vixl), a fibre channel company! -- Ignore unavailable to you. Want to Upgrade?

To: Dataminer1 who wrote (320)	12/8/1999 12:09:00 AM
From: mark cox	Respond to of 377

VIXL is in an interesting place technically speaking. Today it broke out from a symmetrical triangle to the upside which normally means a continuation of the trend, which is up. It broke out from the triangle on a 24% increase in 5 day volume. This would have been better if it had been a 50% increase but not bad. VIXL has also formed a rounding bottom which is a very bullish and quite dependable chart formation. Lastly VIXL has almost completed an inverse head & shoulders which if it breaks out above the neckline at $40 will be yet another very bullish chart pattern. I personally have never seen a stock with 3 different bullish patterns all at the same time. If we don't break out from here in the short term I'll be surprised. Oh yeah, if we do complete the inverse H & S we should move quickly to the $52.00 area. Mark