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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 690.40-0.5%Jan 14 4:00 PM EST
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To: mattie who wrote (18042)10/15/1998 11:38:00 AM
From: Tiley  Read Replies (2) of 69762
 
Hi Mattie,

I see an expanding triangle which is supposedly an extremely negative pattern - also lots of other divergences which seem to be negative. I wouldn't trade based on these alone but just something to be wary of. On the other hand, DELL has run against the charts for so long. Fundamentally, INTC and AMD both shipped record units of CPUs (not sure if AMD shipments were a record, but definitely highest volume for the K6 family) so computer demand should be very strong for Q4,

Later,
- MJ
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