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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: Michael Speegle who wrote (1915)	8/12/1998 10:56:00 AM
From: Paul Shread	Read Replies (1) \| Respond to of 5390

From a short-term technical standpoint, I was troubled by ERICY's move yesterday. There was very strong support in the 24 1/2 to 25 range, and the fact that we broke decisively below it was bothersome. I am somewhat encouraged by today's action, but the problem is that we now have overhead supply and resistence where we used to have support, so I would echo your view of a slow bumpy climb back to 30. I would like to see a close at or above 24 1/2 today to repair some of the damage.