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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Michael G. Potter who wrote (10558)	2/7/1999 7:26:00 PM
From: Chip Anderson	Read Replies (1) \| Respond to of 16960

Just updated my TDFX chart on coolhistory.com 12 to 16 to 12 to 16 to 12 to 14 to 12 to 16 to 12 to ??? We've been in an obvious trading range since November and we are now back at the place where everyone holds their breath and hums Gregorian chants. Will 12 hold this time too? Note that the 200-day moving average is now down below 16 and may prevent us from getting that high on the next upswing. While bearish right now, the MACD indicator is practically useless because we are not really trending any more. "On Balance Volume" is more useful though - it is now significantly below its 50-day MA for the first time since "The Fall." Not good. Notice all of the recent big volume spikes are red? ;-( Finally, the 50-day MA appears to have turned on us also. It is now providing downwards pressure on the stock. Et tu brute? It would sure be nice to get back above that blue line... Disclosure: I am long-term long on TDFX - obviously not for TA reasons. Chip coolhistory.com