EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: dennis michael patterson who wrote (5225)	3/31/1999 5:39:00 AM
From: Ganesh	Read Replies (1) of 17183

I do beg to differ with you. EMC looks excellent from a technical standpoint. To begin with, when a stock hits new highs, Fibonacci levels are not germane. So lets look at these other tools: MACD: BUY signal occurred the 25th of March RSI: 70.96......Only "very slightly" overbought, but borderline. Directional Moving Indicators: EXCELLENT.... STRONG BUY..Big divergence between MDI+ and MDI- Money Flow: EXCELLENT....STRONG BUY.....Block flows increasing dramatically all the time...This means institutional money is chasing the stock price. Mcllellan Oscillators: Neither overbought nor oversold Chaikin Oscillators: STRONG BUY...They are still going up, though today is decisive. Stochastics: OVERBOUGHT, on both a %K and %D (slow) basis. Stochastics are about the only technical indicators I can find that are in fact negative. If anyone can find any others please let the thread know........ But personally, I see no downside potential.

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