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Technology Stocks : INTEL TRADER

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To: Berney who wrote (7356)12/5/1999 6:53:00 AM
From: MonsieurGonzo  Read Replies (2) of 11051
 
Berney:" OEX "

...connect AUG-97 with JUL-99 on weekly chart.

~787.5 next week would hit it.

on the daily chart, connect CLOSE 08-NOV-96 with 24-AUG-99 and, anything above that is "over-bought".

Somewhat more fancy - in METASTOCK, ask Paul to try vertically displacing 200d EMA around +15% or so (ie., lay down an additional 200d EMA line and Vertical Shift it ~15%). If Paul gets into this - tell him to use HIGH as a basis for the upper 200d EMA "envelope" and LOW as a basis for the lower 200d EMA "envelope", rather than CLOSE.

===> T/A tends to be useless at tops & bottoms, imho.

-Steve
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