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

To: ron delany who wrote (4352)	9/11/1998 9:16:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6565

Ron, 5 day RSI: I normally use a 14 day RSI and it has been flat between 4 and 7 for the past five trading days. While this indicates that VLSI is extremely oversold, I don't see a divergence here. Money flow index: I commented on this indicator last Monday because it fell below 20. This often signals that a stock will start a countertrend rally although it's generally better to wait for the indicator to flatten or turn up before buying. VLSI's money flow index has flattened out after declining for the past two weeks and is currently at about 12. MACD: I don't use this indicator very much. DMI: I also commented last Monday about VLSI's ADX line being at 68. Generally, readings over 70 indicate that a stock is at an extreme and will begin a countertrend move. The ADX finished today at 78 and the stock hasn't made any progress on the downside whatsoever. This is very positive IMO. To sum it up, I agree with you. TA indicates that VLSI is ready to test the upside. It gets more oversold every day and has lost it's downward momentum. BTW, I also bought PIR and LSI last Friday based on the analysis described in this post. I already sold both for a profit...2 out of 3 isn't bad but I'm still confident that VLSI will move up from here.