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Technology Stocks : INTEL TRADER

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To: Berney who wrote (6807)9/21/1999 7:48:00 PM
From: MonsieurGonzo  Read Replies (2) of 11051
 
Berney:" CSCO "

>Just for Fun

Look at
CSCO on a monthly chart going back to 1993 and put in the upper trend line...

...yeah, saw that, Dude! I was trying to show that one to TheDonald week or so ago - I consider CSCO to be the best indicator of the overall NDX-100. fwiw I have the CSCO far-target as 73~w/75 strike CCall being either: (1) an ideal long exit; or, (2) a short-term short entry point.

yet another "evening star" on QQQ, completed today.

geocities.com

note that the QQQ 18d EMA UpTrend mo is now equal to the horizontal support/resistance line at ~123. It's just churning up there, nose pointed into the wind; probably "distribution"; very nervous.

I can't help but feel that the Tech Sector "Cycle" is ending.

The DOW has just violated its nice intermediate UpTrend, and now the question is whether it will remain within its horizontal fib construct with apparent support around 10450 +/-50 or, (below that) the DOW's 200d EMA area -?

I still think that SPY wants to kiss her 200d EMA around 128.5 +/-1, Berney - and I'm wondering if that area may be the first "buying op". What's your read on the OEX ?

-Steve
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