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Technology Stocks : PHTN--Photon Dynamics, anyone follow this company -- Ignore unavailable to you. Want to Upgrade?

To: Russ Motter who wrote (857)	7/2/2000 12:49:44 PM
From: nasdaqian	Respond to of 930

symmetrical triangles can also break to the upside. <i/> Of course they can. They can break out one way and suddenly reverse too. I expressed my belief that it would break down. This rally is encouraging but one day isn't sufficient for me to feel confident about its future direction especially on such a volatile stock as this. I hope it makes me wrong, but I think we're in the midst of a bear rally so I sold some of my position into this strength. It should be very interesting the next few trading days.

To: Russ Motter who wrote (857)	7/2/2000 12:50:57 PM
From: nasdaqian	Respond to of 930

"symmetrical triangles can also break to the upside." Of course they can. They can break out one way and suddenly reverse too. I expressed my belief that it would break down. This rally is encouraging but one day isn't sufficient for me to feel confident about its future direction especially on such a volatile stock as this. I hope it makes me wrong, but I think we're in the midst of a bear rally so I sold some of my position into this strength. It should be very interesting the next few trading days.

To: Russ Motter who wrote (857)	7/2/2000 1:05:25 PM
From: nasdaqian	Read Replies (2) \| Respond to of 930

By the way, as for the volume pattern I don't think it's very clear cut. If you look at the price in the symmetrical triangle the price moves up to the upper line have occured on lower volume than the moves to the lower line. Since it's a symmetrical triangle I'm not sure where you see a double bottom since there's been a succession of lower highs and higher lows until it squeezed down to Friday's breakout. Anyway, I don't take any of this T/A to such a fine cutting edge. Also, I hope I'm wrong about it breaking down. I'm definitely not short and I've made a ton of dough on its ascent. Hope we can make more.