Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WTSherman who wrote (3447)	11/13/1998 10:47:00 AM
From: zook2	Respond to of 4135

My error typo SHB August. My point is the break down from 22 to 16 happend so fast two trading days that there were very few buyers in that range. Generally when you see the stock retrace it meets an area of resistance on the way back up. That resistance level is/was 17.5. We broke through that level and without a volume drop below that range you look to retest the next area of resistance. the stock traded in the 22 to 25 range for several periods last year and that is where you see the next resistance level. My first concern is retesting the 17 range. If we can hold above these levels the people that got in at 10 11 12 will stay along for the ride. If we trade down beolw 17 on volume the this group will take profits.