Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 220.61

+0.3%

Nov 18 3:59 PM EST

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To: BrokerG who wrote (17719)	12/20/2002 6:12:13 PM
From: MeDroogies	Read Replies (3) of 19079

Depends on what you're looking at. Technicals are looking a bit weaker, near term, for ORCL. But a little further out they are looking pretty good. The Monthly and Weekly charts are starting to turn up, as are the 15, 10 and 5 min charts. All other charts are calling for short term weakness. With expiry out of the way, we should see some additional weakness on Monday, probably followed by a run up to about 12. ORCL hit a peak that it hasn't corrected for, and it needs to get to 11.80 to do so. Allowing for some overshoot, I'd say 12 is possible before another major pullback. But this market is very, very strange.

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