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

To: hcirteg who wrote (5388)	11/20/1998 12:26:00 PM
From: Dennis V.	Read Replies (1) \| Respond to of 27311

Thanks, hc for the input. No offense, but you TA guys used to give me the creeps. To think that human behavior can be reduced to Fourier analysis is too much like the stuff I used to do. Nevertheless, the temptation to "read" charts is there. My conclusion is that there is a predictive quality to these things apart from any hype, etc. I don't rely on them, but the Valence chart seems almost an open book( I hear laughter). Former resistance levels almost automatically become support levels. I would have been pleasantly surprised, but secretly worried if the shares held at 8 bucks. Not "healthy". It looks like retrenching and building at this point, don't you think? If rumors can cause a blip in this stock as one poster is claiming, I wonder what a real positive event would do? TA out the window?