Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Appliance -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (8665)	7/11/2001 4:46:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 10934

NTAP has both weekly stick high support, and gap support, on the daily charts at $7.141 to $7.75 Supports in order of strength when a stock is falling... 1)Weekly Stick Highs 2)Daily Stick Highs 3)Gap support 4)50sdma, 200sdma, trendlines NTAP Weekly showing stick high support @ $7.66: stockcharts.com[w,a]waclnimy[df][pb50!a7.25!a7.66!a10!a15!f][vc60][iUa8,17,9!Ub14!Lc10!Lh14,3!Lf] NTAP Daily from Oct.1, 1998 to Nov. 12 1998 showing two gaps (one on 10/15, one on 11/4) stockcharts.com[w,a]daclnymy[d19981001,19981112][pf][vc60] I also believe there is a psychological support that is found around round # targets, especially multiples of 10. Once $10 is breached to the downside, a very important important barrier will be removed. FWIW there have also been 7 more insider transactions this month, mostly form 4 buys and option conversion/sells. Continued weakness in the market, and specifically the COMPX, could lead to further selling here as well.