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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Greg McDaniel who wrote (2443)	3/18/1998 11:19:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Greg: You've probably got it right. If it is calculated on a rolling basis, its probably eliminating the large down volume from the conference call debacle from the calculation. So, even though today's action shouldn't have improved the index, the elimination of the data from the conference call reaction could, I guess.

To: Greg McDaniel who wrote (2443)	3/19/1998 1:09:00 AM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

Greg and Larry thanks for the explainations of money flow indicators. It's pretty clear that from the discussion that none of these ta indicators can be taken blindly. i.e. the 'money flow' increase today comes from 2/17 falling off the back end of the ma, not what happened any time within the current ma! it's also true as one poster mentioned about ld buying as a non-indicator. this stock is a no income single story game. it's very hard to believe that ANY technical trading factors are going to have any influence whatsoever in the current situation. it will go up on any good news and may go down on any bad or neutral news. from the technical viewpoint the fact that it is trading in a tight range indicates unlimited demand at current support and any and all loose apples falling from the tree. as long as the demand holds up we're in great shape and should expect pretty good upwards pressure on any good news, epecially since there is no immediate overhang, and anybody foolish (i hope) enough to sell now, has had plenty of time to do so. If anything with any kind of fancier name can tell more than the above common-sense seat of the pants spec, i'd like to hear what it is - i mean what it really is, not 'stochastic iconoclastic bombast indictors' or whatever. i'd love to hear any reasons why ta is more than marginally meaningful on vlnc right now. i mean that sincerely, not being sarcastic. i think those measures are useful and always ready to learn more. just think they are fairly meaningless in understanding what's gonna happen to vlnc.