Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 165.31

+2.2%

Nov 26 3:59 PM EST

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To: robert w fain who wrote (2435)	12/11/1997 3:42:00 PM
From: TREND1	Read Replies (1) of 6180

robert you wrote <<Larry in plain English would you please take the trouble to explain to an ignorant investor in TI stock how you can tell from the chart that TI should bounce at 42.5.------I would welcome and appreciate the education---might even make me some money some day.>> robert A stock is like a wife ! After 30 years or so, you can tell what to expect from a wife. ............................................ If you look at the chart (I sent out on TXN), the probability is high that a bounce will occur at a point 25% below the 50 day moving average. ........................................................... In more "math" terms, a moving average is a filter of cycles. When TXN is 25 % below the 50 DMA a reaction has occurred in the past..........and IS PROBABLE IN THE FUTURE......... ..................................................... So what did I do......I just did a chart of TXN and 5 other high tech stocks and looked at the past...... ........It does help that I have been looking at charts since 1969 (g) Larry Dudash

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