INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: John Harton who wrote (4855)	12/14/1998 7:09:00 PM
From: Berney	Read Replies (2) of 11051

John, It was, indeed, a brutal day! Some severe technical damage was done today. Yet, it was noted on CNBC that 8640 would be a 38% fib retracement, which would be totally normal and healthy. It's just that 38% was a long way down. That said, I'm going in a quasi-bear mode. I'll only enter a trade when the OEX 60-min stochastic is moving in a positive direction. One might expect a DCB tomorrow, but who knows? I'm still not ruling out a trading range. We've certainly had 40 point trading ranges in the S&P before (i.e., 1080 to 1120). I'm just not sure what the good news is that could help this market. Having been born in 1951, I remember Dragnet. Those were the days that we only had 3 or 4 channels of junk on the TV. TB

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