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Technology Stocks : INTUIT! Any Info or Thoughts....
INTU 647.17+2.1%3:59 PM EST
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To: jmk who wrote (24)3/7/1996 5:37:00 PM
From: Heinz Pohl   of 79
 
All Is not lost as Intu is starting to find a bottom or a support level at this time. There is a chance that a level shoulder will develope in the next several days with a good uptick, maybe $6 on an intraday basis, NO GUARANTES.

As for for the latter use the MIT graphs to see the price action. Download their data and use the folloing formula on the cloumn named "close OR last" AVERAGE(FirstDay,LastDay) on line 52,( should look like @Average(c2..c52)). Then run a line chart with date,Close or Last, and average. The price action line will be jagged and in this you will see W's which indicate support and resistance areas.

One should always look at a chart bofore leaping into an investment as the past will give you a clue to the future. Charts are graphic illustrations of supply and demand. They will also prevent you from doing what a broker says instead of following what he/she does. Example if you get a BUY recomendation from Merril Lynch you check to see the price of the stock on a chart in the last 21 days to see if there was a high price peak on their recommendation. this will prevent you from becoming a willing accomplice in picking up overvalued stock. After a while you will become more conversant in these matters and a shrewder investor.
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