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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Pallisard who wrote (4227)	9/16/1998 9:19:00 PM
From: Mark Johnson	Read Replies (1) \| Respond to of 27311

Pallisard: Best to let sleeping dogs lie.

To: Pallisard who wrote (4227)	9/16/1998 9:32:00 PM
From: Jibacoa	Respond to of 27311

<<<It's too bad Visnic isn't here to advise us on how to proceed>> Please don't even mention it or he may be tempted to return. Valence indeed made a double bottom with the lows of 8/25 and 9/9. Today's low price was just above the 25 day average line and it closed above the 50 day average line. There is a lot of resistance at the 5 to 5 1/2 level. The 10 day average line is just starting to get above the 25 day line. We need both of these to get above the 50 day average to confirm the uptrend.The support level is now at 4. Good luck to all. Bernard