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

To: Zeev Hed who wrote (11568)	5/30/1999 11:04:00 AM
From: William Epstein	Respond to of 27311

Another Thought; At the risk of sounding too bullish: So, far I have talked about VLNC's fundamentals this weekend. However, there is an interesting development in the stock and involves tech. indicators. The twin peaks to 8 and 8 3/8 within 2 week's time have increased volatility. ADV has increased slightly too. Let us watch these two indicators because they may tell us if the MMs are ramping up for a bull run on the stock. Usually, as a stock goes into a bull run both indicators rise dramatically. If they steadily increase we may see a first, bull run as early as this summer. Until now both indicators were falling. Bill