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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (4297)10/11/1998 3:09:00 PM
From: Berney  Read Replies (2) of 11051
 
BAMBI is Trying to Grow Horns.

Clearly, the DJIA stocks was where the action was this week, and 24 beat the Index. That's the highest reading in some time. BAMBI is 23 to 7 bullish.

Got 2 weekly bullish signals: MMM and T. T is particularly interesting. I show a down trend line coming into play at $59 and the stock closed at $58 7/8. So, a weekly bullish signal is bouncing against a ceiling in an unexciting market. Going to be interesting to watch.

We still have the powerful down trend line on OEX to contend with. I show the roof at 505 and the floor at 465 -- mas o menos. So, I withhold taking any positions until we get a close that convinces me that a new trend has developed. In the meantime, Hit and Run with a $1 here and a $1 there.

Berney
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