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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?


To: Greg McDaniel who wrote (18869)3/29/2000 9:37:00 PM
From: Greg McDaniel  Read Replies (1) | Respond to of 27311
 
I use tc2000 for some of my chart reading and I notice that its Balance of Powern indicator for VLNC climbed rather fast beginning the end of October remained at its full 100% until mid-Feburary when it began its first peak at $37.00. the BOP indicator, an accumulation/distribution indicator, fell rather sharply at that time and went into the negative condition and had began to resume a positive bias until today. Today it went max negative. So, I believe without news todays thrashing is related to some event(s) not related to the fundamentals of the company.

I am very curious though how nowaynohow was so certain that he should short yesterday.