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Technology Stocks : ADC Telecommunications -- Ignore unavailable to you. Want to Upgrade?

To: Grislee bear who wrote (857)	7/15/2000 2:02:01 PM
From: Howard Bennett	Read Replies (1) \| Respond to of 1944

Interesting you should say that.... Late Friday ADCT's technical indicators improved rather nicely. The OBV and Institutional Money Flow have begun to recover nicely. Stochastic is now short-term bulish. What a difference a day makes. (This is especially visible on an intra-day 60-min chart.) Another bullish indication is the lows of the recent bounce are right off the Lower Bollinger Band (I'm using standard 2% bands) on a daily chart. This is a very good technical sign. Look for next resistance at the Upper Bollinger Band around $85.5. And for you Japanese Candle Stick lovers (a quick primer iqchart.com or altavest.com - the candle stick for last Friday is some sort of Hammer?...not my forte) All of that being said, during any sort of short term profit taking in the NDX Nasdaq 100, ADCT being a component of that index might be pushed back down, I'd be adding to my postion at the 50 day EMA which is currently $72 5/8 Howard (FYI...I visited you home page. I have a stock suggestion for you to follow...and I'd like to hear your opinion on -- more from a longer term perspective. It is a relatively recent IPO in the wireless semi-conductor area. SMDI -- Stanford Micro Devices. Small Cap.)