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Technology Stocks : Microlog(MLOG): Ready to Move?! -- Ignore unavailable to you. Want to Upgrade?

To: Bob&Carolyn who wrote (270)	10/31/1997 10:31:00 AM
From: Zeev Hed	Respond to of 595

Carolyn: I view TA in terms of "mass psychology. Area of resistance and support are created by accumulators and distributors of stock as well as by people that "missed the boat" (either selling or buying). Where you see a range of prices established, a trading range, a break in such a trading range often indicates a fundamental change in the percepption of the investing public. When perceptions changes, breakout occur (both on the way up and down). Zeev

To: Bob&Carolyn who wrote (270)	10/31/1997 10:59:00 AM
From: JakeSki	Read Replies (2) \| Respond to of 595

Carolyn, I am just in the learning process with TA as well. 6 is a strong support level in my opinion for two reasons: 1. It represented a strong resistance point during the entire month of september in which MLOG traded in a narrow range right around 6. 2. It represents a 61.8% retracement from the recent high 9.125. I am playing around with Fibonacci cycles should represent a natural support level. I have a limit buy order at 6 right now, which I figured would be triggered within the next week or so if the current trend continues. But right now MLOG is trading above 7, so all of this might not pan out. Thanks, George