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 176.29

+0.1%

Dec 19 9:30 AM EST

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To: TREND1 who wrote (2636)	12/26/1997 7:01:00 AM
From: Mike Harvey	Read Replies (1) of 6180

"Doji's are not 100%". Yes, I know that. (If they were, neither you nor I would be corresponding about them - we'd just concentrate on making a fortune). However, personally I put great weight to them in making decisions, and, as time passes, try not to forget that they occurred for a particular stock. In other words, to me the (2-day) Doji on Dec 11/12 is still 'operative'; and will be until proven otherwise. By the way, note that in the week immediately following the original (2-day) Doji, the stock did track up; similarly on 12/22 you saw a Doji going the other way. Observing the near-certainty with which TXN would close with a Doji on 12/22, I opted out late afternoon and was rewarded. So you can see why the heavy weight. But this is STILL not to say that it should be the sole factor in a trading decision; absolutely not. Best of luck trading.

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