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Technology Stocks : IMRS racking up y2k contracts. -- Ignore unavailable to you. Want to Upgrade?

To: P. Ramamoorthy who wrote (2510)	5/9/1998 11:08:00 AM
From: Les H	Read Replies (1) \| Respond to of 3162

I was referring to the moving average envelope that AIQ plots for each stock. IMRS broke below the lower trading band on Thursday and Friday crossed back above the band toward the moving average. I believe AIQ uses a 28-day mov avg for the moving average envelope (I normally use 21- and 30-day mov avgs for trendlines). All three moving averages are 32 at this point. Since IMRS fell from 42 to 25, a one-third retracement would indicate a target around 31. I would expect the 200-day mov avg to be retested or broken. IMRS hit that area 4 times in October and November. Some of the other Y2K computer stocks, like TSK, CHRZ, REGI, have already broken the 200-day mov avg. PGA had a similar bounce to IMRS this week.