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To: Andrew Vance who wrote (12393)	2/25/1998 8:13:00 PM
From: Judy	Respond to of 17305

Andrew, I stopped trying to catch the falling knife months ago and waited for the trend to turn. In a nutshell, on stocks like XLNX and ALTR I watch price volume closely when they broke thru their 50-day ema from below on recently. For their upside momentum to stay robost, they must close above their 5-day ema. If this occurs and the 50-day and 200-day emas are converging, I will take a long position, given that the fundamentals are intact and the market is holding together. This strategy usually puts one there before the big boys come. The fundies formally got on the bandwagon for ALTR today, they've been accumulating since 37ish (convergence of 5/13/20/50 day emas) and retrace down should be nominal. My comments this am entail the context motivating the technicals. Jan comments describes a P&F read, which bases entry on a break thru of bearish resistance levels. For calibration, Jan is more convervative than I, who in turn is more conservative than you ... from the perspective off taking on positions. Here are the posts: Message 3527901 Message 3529203