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Technology Stocks : INTEL TRADER
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To: Trading Machine who wrote (6487)8/5/1999 11:11:00 AM
From: MonsieurGonzo  Read Replies (1) of 11051
 
Paul:" I have a trend line support for T at 49 1/2..."

...please tell us the dates for two points you are using to place this UpTrend line, Paul; thanks.

I have horizontal levels around here, and a fuzzy, long-term UpTrend from the weekly chart around here. I have the 200d EMA at ~52.

But the sto on my T daily, weekly, and monthly charts are all screaming, "accumulate!" from 50~51 down to 46~47 area if necessary; and sell PUTs (or buy LEAPS; ie., "leverage") T at ~42.

-Steve
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