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Technology Stocks : INTEL TRADER
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To: Jurgen Trautmann who wrote (10074)7/27/2001 11:56:28 AM
From: Berney  Read Replies (1) of 11051
 
The moves that some of these stocks have made over the last week or so is impressive.

While we may be breaking out, this Market has been brutal in playing that game. Thus far, I just see that we are hitting the 20 day EMA on OEX. Been there, done that and got the resulting scars. If NDX gets above 1700, I may have to go find my horns.

As to GE, I'm very content to take a piece of the move. Clearly, it has some more to go before it hits its down trend line, but the Market is at resistance. I am just not well-suited for holding for very long. Until the Market proves me wrong, I'd rather just sit in the money market, and dash in occasionally and grab a percent or two.

TB
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