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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: DEM who wrote (1857)2/14/2002 8:20:24 AM
From: robert b furman   of 2290
 
Good Morning DEM,

As pointed out,the light volume has been less than convincing.

The Dow now teases 10,000 and the Naz is the laggard.

I think one of the pivots is INTC.

Intc runs the NAZ,fuels the SOX and can be the afterburner to propel the Dow well over 10,000.

Both Intc and Sox are literally positioned to break out.

Intc has had selling pressure 5 of the last 6 days.If/When the institutions want this puppy to fly Intel will break out and do it big.

When that happens - we'll see the volume confirm where we're going.

JMHO

Looks to me like DMI has run it's course and we get a run in here??http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=120&chart1=ma&s=intc&compare=&time=1m&i0=8&chart=candle&i1=6&scale=linear&i2=3&i3=4&rbv=1&wpr=0&cci=60&obv=5&dmi=10&macd2=26&macd1=12&sd=5&sk=12&mt=22&rsi=14&lr=25&bbpct=2&bbprd=10&ma1=5&ma2=20&macds=9&smaema=1

A little longer term -
:http://www.siliconinvestor.com/research/chart.gsp?i3=4&i2=3&i1=6&i0=8&smaema=1&bbpct=2&period=120&lr=25&compare=&obv=5&chart1=ma&ma2=20&ma1=5&dmi=10&rsi=14&macd2=26&macd1=12&rbv=1&cci=60&sk=12&bbprd=10&wpr=0&chart=candle&s=INTC&sd=5&mt=22&lotemp=&scale=linear&macds=9&time=day

Stochastics and DMI ready to cross over. IT IS DO OR DIE TIME. I say DO. I'm going long at the open for quick play.Gulp

Notice the slight up tick on DMI yesterday:http://www.marketscreen.com/chart/chart.asp?hideHF=&indicator=&symbol=intc&B1=Get+Chart

BOB
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