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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (3788)	7/3/1998 12:19:00 AM
From: DanZ	Read Replies (1) \| Respond to of 6565

Linda, The TA doesn't look as good as it did yesterday but it's still not too bad. On the negative side, the stock closed below the middle daily bollinger band today after closing above it yesterday. There is support just below today's low between 16 and 16 1/4. I'm afraid that if it gets much below 16, then there's risk that it will drop back to 14 3/4 or 15. I sure hope that doesn't happen! The SOX closed right on support near 246 today. If it gets much below that, then I think there's risk to 230 again. If that happens, it would likely put enough pressure on VLSI to push it down to 15. BTW, somebody posted the the article on the chip sector that was at Thestreet.com today. Thanks for bringing the article to our attention, Ed. Message 5087177