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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (44072)5/29/1998 1:34:00 PM
From: donald sew  Read Replies (1) of 58727
 
Lisa,

the TXN chart does not look good, but for the short-term it is oversold, and could see a little pop to the upside before it continues to the downside. Overall the SOX looks really weak and could revisit the 52 week lows in the 245 range.

I have also been studying the Elliot wave, and I am coming up with the same conclusion that it is too much reliant on interpretation, it is simply not mathematical enough for me. I will use it only in conjucntion with my other technicals but will not use it by itself.

Seeya
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