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Strategies & Market Trends : Tech Stock Options

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To: j g cordes who wrote (49947)8/15/1998 2:27:00 PM
From: donald sew  Read Replies (2) of 58727
 
INDEX UPDATE
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While checking some of the major stocks I noticed that many stocks were either in a downtrend or they were triangulating.

1) DELL: Either it is already in a downtrend with the lower trendline below 95, or the TRIANGLE is forming with the apex at 103-104

2) LU: Either it is already in a downtrend with the lower trendline at 77 ,or a DESCENDING TRIANGLE is forming with the apex at 85.

3) GE: Either it is already in a downtrend with the lower trendline at 81, or a TRIANGLE is forming with the apex at 87

4) CCI: Downtrend with upper trendline at 152, and lower trendline at 132.

5) MU: Uptrend with lower trendline at 30 and upper trendline at 38, and a TRIANGLE forming within the trendlines with the apex at 32.

6) INTC: Uptrend with lower trendline @ 84 and upper trendline @ 94, and a TRIANGLE forming within the trendlines with the apex at 85.

Seeya
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