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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (29593)	3/17/1999 12:07:00 PM
From: Bonzo	Read Replies (1) \| Respond to of 31646

Dear JDN, although you and I may not be TA practioners there are many who are. I am familiar with Ray's previous TA commentary on another stock I own - THQI, and always thought it was fairly accurate in the short term. I will admit that I do occasionally review charts to determine support and resistance levels to hopefully optimize my exit and entry points. On that basis I am more of a TA believer now, and less of a skeptic, than I was a year ago. I don't agree that a price point under $10. has a lot to do with the short term accuracy of TA - I suspect that a stocks daily volume has a greater effect, although I'll leave that to the TA practioners to answer, if they like. Nonetheless, this board has been inundated with voluminous posts on FA, for which I practice, so I thought it would be a good idea to get a current TA perspective on TAVA also. Although, with the stock trending towards $5.00 it doesn't take TA to confirm its weakness. In the future this will change and Ray's TA may be more helpful to the board.