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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Runner who wrote (21354)7/30/1998 3:06:00 AM
From: JBH  Read Replies (1) | Respond to of 31646
 
Runner,

Since you brought it up, I'll throw this out there. I'm certainly no expert in TA and might be totally way off base here. Maybe others can comment.

Looking at the daily chart iqc.com

It looks like the line drawn from the April low to the May low then on down hit somewhere around 5 3/4 which I'm thinking may indicate the next crossroad of support.

I have a question. Will the Russell 2000/3000 funds who buy these stocks not be willing to support this stock from falling below marginability? Do they care? What happens when it goes below that point? Uh...nevermind...maybe I don't want to know the answer to that.

John



To: Runner who wrote (21354)7/30/1998 8:48:00 AM
From: Alastair McIntosh  Respond to of 31646
 
Runner, you posted

Does anyone see some support out there?!! This drop has been obscene.
When does it stop? At 6? 5 1/2? Any ideas anyone?

I have studied TA for many years and have carefully evaluated TAVA's chart. After detailed consideration of price, volume moneyflow and applying several proprietary indicators I can safely state with 98.85% confidence that TAVA shows very firm support at zero.<g>

Al


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