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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Ted W. who wrote (1243)	12/16/1998 11:52:00 AM
From: SpecialK	Read Replies (1) \| Respond to of 30916

I wish I sold at 17, I am watching very closely, On daily chart, the MACD looks to have bottomed, with a slight positive movement. Stochastics are oversold. I expect within a few days, that we will begin a move higher, the last 2 moves like this, took us to 27 and 23, so I expect 19-20 this time. It is downtrending, but one positive is that may be changing. Lower lows, lower highs has been the trend, but now, the recent lows are 14.75 or so, which are higher than in October lows of 12 or so. This 14.75 level has held well and I think it will be a strong support level. Any positive news on the spinoff, could be dramatic as we would not be overbought until we got to 20. Charts look poised to move higher soon, many times though, the move higher is preceded by a move lower to steal some more cheap shares for those that are doing the moving. More upside than downside, that might be obvious.