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Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (3218)	4/5/1998 11:27:00 PM
From: Scrapps	Read Replies (3) \| Respond to of 9236

Randy, the chart on Aware, IMHO, is not relative in predicting the near term price action. Of course I may be wrong, but it is news which is responsible for the price action...that is not reflected in the chart in a way to be useful. Again...just my opinion. Regards, Scrapps

To: flickerful who wrote (3218)	4/9/1998 1:02:00 AM
From: P1edPiper	Respond to of 9236

>>>This is simply a chart of closing prices Very simple, if you'd try cbs.marketwatch.com on AWRE with BBs, MACD, OBV you might see what I had alluded to in an earlier post (3/31?) regarding its short term top resulting in possible 15% correction (or in my world a shorting opportunity). Notice the meager double top just formed which could portend to a more severe sell off. I am not saying the stock goes lower than its breakout point which was my objective originally (13.5 initially) only that you had almost a 15% short from 15 3/4. In that post, i had looked at MACR for the first time (upside down apparently, and I am sorry for that Scrapps?was it you?,or Flickerful?) )On MACR you must go back 2 years to see the daily resistance (which was breached) and the subsequent resistance levels up through the high teens which caps this stock for the time being. since OBV in the last 8 mos. was so good it broke near term resistance, but it has immediately retraced and now rest just on that point. I pointed out its overbought conditions which are more obvious now (%R,Stoch,MACD,etc). Now this one has behaved well to date by only retracing to the breakout, but it may have problems if the current rally begun today fails. A good short candidate when the rally fails. My current position is short @ 15 11/16 and @ 16 1/8 with a closed out position of 14 7/8 and 15 3/16 today at 15 for no gain, I suspect that double -top and will add to 18. But I only look at charts upside down, so no matter. But has any chartist looked at the many high tech little stocks breaching their previous breakouts so easily. I contend that this may be a market warning sign for summer doldrums?! Does anybody look this way or do they just look at their own little stocks?