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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (2956)	5/31/1998 1:32:00 AM
From: Berney	Read Replies (2) of 11051

BAMBI UPDATE & TA FUN Steve, I hope you find happiness where you put your head on the pillow. (or find a new pillow). We had a short-term record 5 DJIA stocks declare weekly bearish signals last week. BAMBI is sitting at a clearly negative 23 to 7 bearish. But, 14 of the DJIA stocks still beat the Index and this is not negative. The market still favors the big boys. Have read a couple of TA books over the last month and been having fun drawing little lines on charts. As I see it there are many ways besides the dart board) to determine the best entry point for a stock. Included are: support, retracement (38/50/62), weekly (L/T) channel, and daily (S/T channel). For purposes of discussion, let me put forth what I see. 05/29/98 TARGET SYMBOL PRICE BUY AA 69.38 68 SUPPORT ALD 42.75 40 SUPPORT/LT TREND AXP 102.63 98 RETRACE/ST TREND BA 47.75 44 SUPPORT CAT 54.94 54 1/2 SUPPORT/ST TREND CHV 79.88 76 SUPPORT/LT TREND DD 77.19 71 RETRACE/SUPPORT DIS 113.25 108 SUPPORT EK 71.38 68 SUPPORT/ST TREND GE 83.38 81 LT TREND GM 71.88 67 SUPPORT GT 71.88 65 SUPPORT HWP 62.31 60 SUPPORT IBM 117.50 115 ST TREND IP 46.00 45 SUPPORT/LT TREND JNJ 69.06 67 SUPPORT JPM 124.19 121 LT TREND KO 78.38 75 ST TREND MCD 65.63 55 RETRACE MMM 92.63 89 SUPPORT MO 37.38 35 SUPPORT MRK 117.00 114 SUPPORT/RETRACE PG 83.88 81 LT TREND S 61.81 57 SUPPORT/LT TREND T 60.88 50 WHO KNOWS TRV 61.25 56 SUPPORT UK 49.94 50 SUPPORT/LT TREND UTX 94.00 88 SUPPORT/RETRACE WMT 55.13 48 RETRACE/LT TREND XON 70.50 66 SUPPORT/LT TREND Enjoy! Berney

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