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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: cgraham who wrote (1657)	9/25/1998 11:04:00 AM
From: stan s.	Read Replies (1) \| Respond to of 4710

Hi cgraham...sorry for the delay in this chart.... What a wild ride this stock is on. Formed a bullish engulfing pattern on the 21st, signaling a bottom and possible reversal. It has since shot up and failed to break a couple of points of resistance yesterday. It left a "gap from" at 25 on Tuesday....and likely will fill that at some point...the sooner the better to get it over with...that area at 25 now becomes a line of support. This daily chart again shows the general accuracy of the 6-10 weighted moving average cross. geocities.com The green arrows show when the cross occurs to the upside, the red arrows where the cross occurs to the downside. It is very close to signaling another cross to the upside...it'll be interesting to see if it pulls back to first fill the gap at 25, if so will that line hold support...? Here's a weekly chart, a safer way to go but you miss some initial surge. Remember all weekly data is compressed into a single Candlestick...this weeks is not yet complete. The weighted 6 over 10 is NOT signaling a buy yet....but note it's accuracy in the past...when it finally does. geocities.com What does look good here are the momentum indicators...en mass pulling up over their trigger lines to signal buys... An enigma to be sure... This next chart is a Kagi chart...it won't give a buy signal 'til it closes above 28 1/4...another conservative indicator. geocities.com Okay here's the Point & Figure chart... geocities.com Ignore the trendlines... This explanation courtesy of that P&F wizard on the P&F thread ...P&F Madness.....anybody want me to say P&F again?? Here's her take on VTSS.......a buy signal at 32... Message 5838708 General overall conclusion...a possible but risky play when the daily weighted 6 crosses over the 10 (be ready to sell) Safer bet...wait a bit and watch for extra confirmation. Stan