Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 189.12

-2.3%

Jan 15 3:59 PM EST

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To: Jacob Snyder who wrote (5575)	3/28/2001 4:25:38 PM
From: Ally	Read Replies (3) of 6180

It is easy to get faked out in today's market. Market is highly volatile and almost impossible to predict the direction intra day or the next day. In 2 days, TXN has given up most of the recent rally. When I look at the weekly chart, it appears that the downtrend is still intact: siliconinvestor.com However, the daily chart shows some signs of trend reversal with a higher high and higher low formation: siliconinvestor.com Would probably need to watch whether this retracement will produce a lower low, if so, it may go down further. If not, there is strong support at the $30 level. However, next hurdle is whether the weak earnings expected next two quarters could pull the technical down.

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