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

To: Eddie D. Gilbert who wrote (1653)10/25/1998 7:05:00 AM
From: stockycd  Respond to of 3813
 
Eddie,
I have been trying to make heads or tails of this last meteoric rise. If we go back to early Feb 98 there was a similar rise. It then dropped to give back about 1/3 of its gains and then continued up. Friday, the upper trendline was broken, but I can't see NVLS continuing at this rate or going very much higher. Right now I am calling Friday the "one day key reversal" and expecting a downtrend to the upper 20's. Remember, Wednesday, we were at ~32.

CD


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