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Technology Stocks : Intel Corporation (INTC)
INTC 37.73-0.3%3:19 PM EST

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To: Tony Viola who wrote (62312)8/11/1998 6:10:00 PM
From: Ibexx  Read Replies (2) of 186894
 
Tony and thread,

The following should only be taken as (1) contrarian leads; (2) secondary or tertiary references; and/or (3) humorous reading.

Today, Ralph sez: you should either unload or watch the following stocks like a hawk: (based upon his daily column in Prudential Online)
______

"I surveyed the NYSE listing for those issues that appear to us to have suspicious technical characteristics; in Table 1 is a list of those stocks that appear to be building ominous top patterns. If the accompanying support levels are broken, then these stocks would be considered vulnerable and rated technical sells. In Table 2 are the names of those stocks that have already broken their critical support zones and are now rated sales. And lastly, in Table 3, are the stocks that have dropped precipitously from previous top patterns and are still within the confines of their current downtrends - they are also rates sales during any rally.

Past performance is no guarantee of futures results and There is no assurance that the forecasts will be attained.

Table 1. Broke Down From a Top Stock Ticker
Alaska Airlines ALK
Ametek AME
Chris Craft CCN
Cleveland Cliffs CLF
Commerce Bancorp CBH
Disney, Walt DIS
Ethan Allen Interiors ETH
First Chicago NBD FCN
Gannett GCI
Gillette G
Health Care & Retirement HCR
Heinz (H. J.) Co. HNZ
Hewlett-Packard HWP
Hillenbrand HB
Interstate Bakeries Corp. IBC
Kimberly Clarke KMB
Knight-Ridder KRI
Lehman Brothers LEH
Litton LIT
Maytag MYG
PNC Bank PNC
Revlon REV
St. John Knits SJK
Shell Transport SC
Summit Bancorp SUB
Union Planters UPC
VAL Corp. VAL
Zeneca Group ZEN
.....

Table 2: Sell Only Rally Stock Ticker
Ahmanson (H. F.) AHM
Air Products APD
Airborne Freight ABF
Allstate ALL
Cooper Cos. COO
Eaton Corp. ETN
Edwards A. G. AGE
MGIC Investment Corp. MTG
Republic NY RNB
Sara Lee SLE
Snap-On-Tools SNA
SOURCE: Prudential Securities
......

Table 3. Watch Critical Support Stock Ticker Support Range
Bankers Trust BT 104 - 100
Countrywide Credit CCR 46 - 45
Estee Lauder EL 61 - 61
FDX Corp. Holding FDX 58 - 57
Federal National Mtg FNM 59 - 56
Finova Group FNV 57 - 54
Freddie Mac FRE 45 - 42
La Farge Corp. LAF 36 - 35
Lennar LEN 26 - 25
Lone Star Ind LCE 74 - 69
Mercantile Bancorp MTL 50 - 50
Newcourt Credit Group NCT 45 - 45
Norwest Corp. NOB 34 - 34
Puerto Rican Cement PRN 44 - 43
SmithKline Beecham SBH 54 - 53
State Street Corp. STT 66 - 65
.....

Lucky or unlucky, none of the stocks in my portfolio is in the three groups.

Ibexx
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