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Technology Stocks : INTEL TRADER

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To: Berney who wrote (5109)1/21/1999 3:07:00 AM
From: MonsieurGonzo   of 11051
 
Berney; RE:" no more mo ? "

here's my SPX.X - S&P-500 Index chart...

geocities.com

...and here's the indicator info:

16d EMA = cyan
50d EMA = magenta
200d EMA = yellow

the (blue) horizontal lines are fibonacci levels, which are computed, not drawn; major support/resistance levels (which usually line up with some fibonacci level) are drawn across the chart.

beyond the apparent resistance at ~1275 the calculated...

near target = ~1317

far target = ~1385

at the top is a %K=16 period (cyan) %D=3 (red) stochastic oscillator

and a 64-period (dark grey) momentum indicator.

FWIW, my weekly chart indicates that the near/far targets are still possible, given a (weekly) close over resistance at ~1275...

...but this daily chart appears to be telling me, "no mo mo".

-Steve
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