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Technology Stocks : INTEL TRADER

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To: Berney who wrote (3644)	8/27/1998 6:37:00 AM
From: MonsieurGonzo	Read Replies (1) of 11051

Berney; RE:" That First Step is a LuLu " >See you couldn't resist LU any longer... Yeah, I've got a point in it, and now I wish I'd just scalped it :-( >My friend got out of F at the reasonable price of $50 9/16... you did good, TraderBerney. >Unfortunately, we went into AA a bit premature at $62 11/16... must be contagious, I thought IP looked good below 42 ! >Mr. Market is definitely giving the longs a hard time... Today the open will be driven by > -3% declines on the Nikkei and DAX. What we want to see is a gap-down open and subsequent selling climax, then buying volume coming in. The critical support is right there on everybody's chart to see; we crack that, and everybody will bail. TSO's market maven Donald Sew is in his element whenever we are in a trading range - he uses a form of 'wave' analysis along with candlesticks. I recommend that you follow his postings. Normally I would just go take a nap and check in later in the day. But with the futures locking-down and the OEX support at ~520, I'll stay up to watch this show. everything we do... is history. -Steve

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