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Technology Stocks : Oracle Corporation (ORCL)
ORCL 222.85+2.4%Nov 14 3:59 PM EST
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To: robert b furman who wrote (17992)3/22/2003 12:14:43 AM
From: ehasfjord  Read Replies (1) of 19079
 
Still waiting for ORCL to drop some more (which it
shows signs of doing). It's coming off an M top pattern
and heading down.
The question is, (and I suppose if we knew the answer we
could buy LE's house) is how far down the last leg of
the M pattern will go. For the last few months, this
has been in the high 10's range. ORCL is not in an
oversold condition (as indicated by RSI), Stochastics
show a definite down movement, Moving Averages show the
same downward move, The last 3 candles indicate down
again on Monday, and the "koop-de-gracki" is that ORCL
has been going down while many of the other tech's have
risen. Hmmmmm

Forgot to mention, momentum is also heading south.
May nibble again around 10.50 to 10.75 depending upon
the planets signs, or continue to wait.

Take Care
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