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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (4545)	11/3/1998 9:21:00 PM
From: MonsieurGonzo	of 11051

DJ; RE:" she " >I guess Mrs Market (it's a she)... hmmm... back to gender-benders again (^_^) remember when we worked out the sexual orientation of all the TechStox ? That was w-a-y back when we were posting one-liners on the edge (fringe?) of the INTC chart here on SI. >DAX: I think we are short term in a bear rally... Absolutely beautiful Morning Star on the DAX weekly chart, four weeks ago; could trade down to ~4450 level again (and her UpTrend would still be intact) but, looks like SHE is working her way through the 50d EMA and ~4800 area resistance... mildly over-bought... no base is the troubling thought, n'est-ce pas ? SHE does like to go sideways from time-to-time. OTOH, one could view the entire "rally" from DAX ~3900 to ~4800 as nothing more than a "technical correction" bounce back to the old, Long-Term UpTrend Line that the DAX plunged through in late September. In which case, the bearish far-target would be DAX 3500 :-( if she fails to make a double-bottom at ~3900 and so establish a trading range. ...blame it on the Greens ! -Steve

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