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Technology Stocks : Noise Cancellation Technology (NCTI) -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (2380)	10/11/1998 11:09:00 PM
From: TA2K	Read Replies (1) \| Respond to of 2775

Some TA notes, etc. -- Outlook looks VERY promising.... Market testing: There have been three substantial tests at 1/2, each about a month apart, all showing much support. Selling volume has dropped off with each successive test. There were also three brief unsuccessful flirts with 15/32. Seems there's been about enough testing of support to justify a move higher. MACD: Monthly MACD has just now broken above its 9-month MA, first time in over a year, and the monthly MA has been flat for several months. Likewise, the weekly MACD in the past two weeks has broken above its MA, first time in over a year. Daily MACD turned up Friday. Stochastics: Monthly Stochastics have been trolling along at a bottom for three months, seemingly waiting to start moving up. Weekly Stochastics this past week have now distinctly moved above the Stochastic MA, first time since June, and the MA is upward sloping. Daily Stochastics are in a low position, and look as if they can now move higher. Vis-a-vis NASDAQ: NASDAQ looks like it has bottomed, and a lot of money will probably be flowing into tech stocks this coming week. NCTI could participate in that general tide. NCTI News: Predominantly good, some outright excellent. Upcoming press conference is historic, and will probably get NCTI a very substantial amount of attention that it has not heretofore received. People are anticipating the upcoming shareholders meeting as well. A lot of interest will be directed at NCTI in the next two weeks. What this all means: I am really, really looking for NCTI to rise in price through to at least Oct. 20. If it ‘pops,' which it might (if a lot of big players make similar conclusions regarding all of the above, and little players pile on as well), I expect price to go to at least $.75, with at least one 3 million share day. But even if there isn't a ‘pop,' I expect NCTI to test 21/32 x 11/16 by Oct. 21. Nicholas