Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (7767)	11/24/2001 11:45:11 PM
From: Mike M	Read Replies (1) of 99280

aj, I'm a little more constructive on TXN than you are. AMAT's chart looks troubled but I've seen tougher resurrections. In any event INTC looks ready to bust out. Yeah it could be a little overbought but not so much that it won't go higher. In any event, it looks too good to me to be predicting its demise... I'm not sure what your point is regarding the intraday touching 1888, but I believe closing above that is particularly bullish. I won't argue that distribution is occurring, only that, before the next correction, we are likely to see higher prices. Equities have had plenty of opportunity to rollover and have yet to do so. Maybe they simply aren't ready quite yet. By the way the SPX seems to have closed within a point or so of the recovery high. I wouldn't be surprised if it paused here but sure looks to me like it will go higher soon. Just my opinion. We'll see...

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