INTEL TRADER Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INTEL TRADER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MonsieurGonzo who wrote (6817)	9/21/1999 8:58:00 PM
From: Berney	Read Replies (2) of 11051

MG, Re: Charting a Course When DJIA broke 10,620 today, I muttered an Oh No, as it is not a good time to have my Phleet at sea. Yuck. It was interesting that a Prudential market technician was on CNBC this afternoon. His line in the sand was 10,615. I wonder how much he gets paid. <g> The OEX (and S&P for that matter) are much healthier IMO. My immediate line in the sand is 684, and there are other immediate levels of support to about 676. I've felt strong for a long time that we would visit the 50-week EMA. I show it at about 641 which is also in the area of a lot of horizontal support. As of last Friday, 21 of the Big Boyz were under their 50-week EMA. Certainly not a healthy sign. However, at this point, I believe that we will just keep bouncing up and down in this funny little pennant until the October 5 FOMC meeting. In fact, it's hard to forget how the Market ran up in front of the last meeting. We were close on CSCO. I had $73 1/2. What I thought was more interesting is that it seemed to break the top trend line last December and has been using it as support. It is my experience that these excesses are eventually corrected. Just a View from the Swamp TB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next