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Technology Stocks : INTEL FOR TECHNICIANS
INTC 39.38+6.7%Jan 2 9:30 AM EST
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To: Jim Cash who wrote (1376)6/4/1997 9:31:00 PM
From: xstuckey   of 1513
 
"The bearish divergence on MACD was our warning shot. Most
people ignored this warning."

Hi Jim,

I certainly ignored this warning. This same indicator also failed to confirm the early November high. Then it failed to confirm the mid December high. And it then failed to confirm the early January high.

But it did confirm the early Febuary high, which was promptly followed by a sharp decline.

Will you believe the next indication by the MACD?

As you are aware, buying in at 146 today wasn't a good idea, either.

Best Trading, X
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