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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: peacelover who wrote (11496)	12/20/1998 2:22:00 PM
From: Bruce L	Read Replies (1) \| Respond to of 42804

Hello Peacelover: I sympathize. Many of us, including myself, were very badly hurt in August by this stock. SHORT TERM OUTLOOK Short term from a technical standpoint, things look very good. Money flow was positive both Thursday and Friday (strongly). Historically, this has always resulted in a short term surge in MRVC's price. MACD is still slightly negative but all other western TA indicators are looking good. From a Japanese candlestick standpoint, Friday we had an absolutely perfect "marubozu," a white candle without shadows, on above average volume, opening on the low and closing on the high for the day. IMO, there is a very, very high probability that the stock will continue to go up Monday and beyond. I am sure that other analysts and chartists have also noticed this so this prediction has a self-fulfilling aspect. bruce