Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 198.80

-5.6%

Nov 21 9:30 AM EST

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To: grogger who wrote (5336)	2/4/1998 10:00:00 AM
From: Wheats	Read Replies (1) of 19079

Rob, ORCL is short term overbought based upon the following indicators: Stochastics -- near high Declining Momentum on last bar -- yesterday Relative Strength Index (RSI) rising but not in danger zone yet Bollinger Bands -- at top Volume is declining However MACD looks good, at least for now, and I give this indicator a lot of weight. What this all means is that we may need some consolidation here for these indicators to relax -- a few days to a week, and then the uptrend will likely resume. As I mentioned yesterday, I am holding because I don't want to risk missing out on the major trend which I believe to be up. Also, some upgrades could make this stock run regardless of what the charts say. I think your take on the $30 is very doable over the next few weeks. One thing to think about is this Iraq mess and where it goes from here. Bombing probably wouldn't help the market. Phil

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