Hi Mikey...
DELL has strong support at 75...Mike Schurr hit it right on the numbers...looking to trade it dead cat...74 is a break down...next support is 64....
ORCL..."Alert" MO Neg.Software sector in Bull Correction, if it prints 52 that's a double bottom sell signal, next stop 48, next 44...
AMAT "Alert" Mo Neg..Semis Sector Bear confirmed, stock is strong, just broke it second triple top buy signal...1st sell signal, is at 63 next 59...solid stock in a rolling over sector...upgrades coming...but i would be careful here...
INTC...same semi sector, this stock has rolled over..hit 142 twice made 2 lower tops...122 breaks all near term support..112 to 106 next stop...
MSFT, breaks a triple bottom at 154, next stop 136, then 128 to 122, looks like it about to roll over from right here...
have not put together any stocks to buy just yet..waiting for my early warning indicators to reverse up...i'll check sectors that reverse as well and then select stocks with pos RS etc in their charts..
i'm feeling very cool, frisky, and calm...
take good care my friend..BTW great call on DELL MF... FWIW i sold my first set of Feb 95 puts for a small loss, then dove in again when it began to collapse...the P&F charts don't lie...clear as a bell on this one... |
