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To: StockDung who wrote (743)	3/23/1999 9:28:00 PM
From: majormember	Read Replies (2) \| Respond to of 1197

My TA friend, who IMO is the best on Silicon says we go to $21, then fall from there....below is a post he made to Anthony. I plan to short more at $21, as while his TA is not always correct, it's damn good...Skane ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ anthony, i am a technical trader, and respect everyone's opinion... I will quickly present the case for longs and shorts..I do not look at fundamentals..... First longs: 1)MACD Histogram zero line crossover and Pring KST zero line crossover.. 2)Stock held above 5.00 level and closed strongly...Take a look at 5 minute chart when she hit 4 15/16, and volume levels.. 3)Stocks history is usually to spike and sell-off same day..This time it didn't do it.. 4)Stock moved above 21 day and 50 day..Potential for 50 day traders to move in as we have possible expansion pivot... 5)Directional indicators show +D1 at 55 and -D1 at 7 with ADX moving up 3 to 43...Analysis is a mature trend with ADX over 40... In this case we study both simple stochastic and RS..Yes, RS is overbought, but simple stochastic is not..Reading is at 51.012... Need both to confirm overbought condition...so potential for another spike is definitely there.. 6)Smoothed rate of change did a reversal on Friday...move from 100.459 to 110.841... Now to the short point of interest..The reason that the stock has problems with 5.00 level, is simply put, overhead...I did my volume studies, and I calculate about 30 million shares at this level...We did well on Friday with 20 million, but another 10 million is needed..If volume levels die, off, Anthony will win this battle..Or if new buying does not come in at a 10 million clip, we will not hold the 5.00 level tomorrow...The only hope the longs have is another killer announcement rumored to come shortly before market close...But I am not going to count on that... I am looking for the stock to gap to the 6.00 level, where we will see who will win this long-short battle...