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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (8721)10/26/2000 3:12:34 AM
From: Berney  Read Replies (1) of 11051
 
In the FWIW category.

I keep staring at that downtrend line on the SnP and marveling over the inability to break it. So, I've sat back and had a brew with an attempt to figure what Mr. Market might do.

I like the concept of pivot points; there is always one above and one below us. Clearly, the one above us is the downtrend line. I will speculate that the one below us is ~1270 considering a little time passage. Hard for me to believe, and I do keep hoping for that upper trend line to break to the upside.

I hope the powers that be - that have broken this puppy - realize the technical damage they have created. My favorite example to TM today was a puppy stock CITC. GS decided to take it off its recommended list. Glad I didn't buy into that one!

JMHO & BWDIK etc.

TB
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