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Technology Stocks : INTEL TRADER

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To: John Harton who wrote (5167)1/23/1999 2:26:00 AM
From: MonsieurGonzo  Read Replies (1) of 11051
 
John; RE:" smoke signals "

>Have been applying my humble efforts to the candles only to get massive mixed signals(especially with DELL). Feel as though Mr. Market (in particular Mr. TechSpaetzle) is going to be shortterm inconclusive at least until the "Great Day of Reckonning" Feb 16 when AMAT and DELL report...

I recall what Jurgen said the other day, "...you can't engineer the market". In reality, all these charts and chats are just ways for us to deal with our own angst. Whatever it takes, mes amis... it's cool (^_^)

Worst-case scenario appears to be Berney's Head & Shoulders on the OEX.X, with a downside of OEX ~565 if the apparent neckline at ~600 is pierced. My deux centimes on the TechSpaetzles...

short-term: we're dipping, should bounce; a lot stronger than RLX.X and DRG.X, though some "defensive" kapital appears to be moving into these sectors; NF.X is being affected by forex again.

medium-term: trading range; take profits into strength and adjust mix.

long-term: I should be playing with my wife in the garden.

FWIW, on DELL :

far target = ~111

near target = ~99

slightly overbought; resistance 85~87.5~90; still has mo.

my chart says: "hold" DELL; buying ops at ~78.5 ~73 ~69.

-Steve
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