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

To: Zeev Hed who wrote (8957)	3/5/1999 10:13:00 PM
From: Dennis V.	Read Replies (1) \| Respond to of 27311

Hey Zeev, what was TA saying when you and Larry were touting ULBI?

To: Zeev Hed who wrote (8957)	3/5/1999 11:15:00 PM
From: Jibacoa	Respond to of 27311

<<<Breaching its resistance at $7>>> I tend to disagree. The stock has been making "higher lows" since the 5 3/8 intra-day low on December 21. It seems it has made a big "flag" Today's close 1/16 above yesterday's is the first time it closes above the previous day in the past 8 days of trading (since the slide-down after completing the double top at 8 5/8 on February 9)Albeit it had a good help from the "General Market" I am betting on an "upside" break out, but not planning on adding until above the 8 5/8 Good luck and have a nice day.

To: Zeev Hed who wrote (8957)	3/6/1999 2:29:00 AM
From: Pallisard	Read Replies (2) \| Respond to of 27311

Zeev , nice try but no cigar. The Dow has almost no relevance to Valence, except EXTREME correction. As Jibacoa said, the $7 level is firmly intact. The OBV is still positive. The MACD is neutral to slightly bearish. The stochastics are just beginning to TURN UP at a low cycle bottom. The accumulation/distribution is still positive. The money flow is still positive. And red candlesticks...well I know you'll find a place for them. :-) The technicals are stable and indicate a modest movement with a slight upward bias in the abscence of PR. It looks as though the price may ride this trend line steadily up to 8. I think the shorts will start to become apprehensive next week. IMHO Pallisard