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Technology Stocks : Trading TAVA -- Ignore unavailable to you. Want to Upgrade?

To: JBH who wrote (339)	5/12/1998 6:51:00 PM
From: Joseph J. Valenzuela	Respond to of 655

Interesting day to say the least. The 14-day Williams' %R is sitting at 95. Readings in the range of 80 to 100 percent indicate that the sold is oversold, while readings in the range of 0 to 20 indicate that the stock is overbought. The stock could remain oversold for some time. As with all overbought/oversold indicators, it's wise to wait for the security to change direction before buying again. I'll wait until the %R pierces 80 to buy again. (FWIW, the last time the 14-day Williams' %R indicated that TAVA was overbought (with a reading of 0) was on 4/23 when we closed at $14. The next day the %R changed direction, penetrating 20 to finish at 25 for the day. This was a "sell" point. We closed at 13 7/8 that day.) Well, that's my take for today. Need to view over TA indicators for confirmation. Happy trading, Joe