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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: JR who wrote (2262)	4/18/1998 2:16:00 AM
From: Chip Anderson	Read Replies (3) \| Respond to of 16960

Hi JR, great post! Thanks for the info. Re: TDFX TA - (All IMHO of course) The surprise earnings has kind of screwed up the TA picture for the next couple of days as the various moving averages and indicators will need time to adjust themselves (funny how they all say "buy!" the day _after_ great news hits a stock!) I'm not a big believer in the "gaps must be filled" philosophy. I do believe that gaps can be strong support/resistance levels though. Looking at the intraday chart for today, 33 was an early support level and 34 was a big resistance level. Personally, I think the stock closed artificially lower today due to various options schenanagins at the end of the session. I strongly expect the stock to jump back into the 33/34 trading range early Monday AM. I also expect lots of people to "discover" TDFX over the weekend and really think that Monday will be the start of a steady uptrend to $40 or $50 within a month. Alternate predictions anyone? Chip coolhistory.com