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

To: JohnM who wrote (4116)	8/18/1998 10:04:00 AM
From: DanZ	Read Replies (3) \| Respond to of 6565

John, VLSI is testing a downtrend line on the daily chart at 13 7/8. If it closes over that, I think it will test 15 but that's going to be a tough number to crack. A close over 15 would set the stage for a rally up to 16 1/2 IMO. The SOX is near resistance at it's upper daily bollinger band again and I would look for a big rally in semiconductor stocks if the index gets through 270. One semiconductor stock on the verge of a breakout is NSM. It needs a close over 14 1/2 to break out on the daily chart and set up a test of resistance on the weekly chart at 16 1/2. I'm also holding a position in NSM. Dan