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Technology Stocks : INTEL TRADER

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To: Jurgen Trautmann who wrote (6067)	5/2/1999 7:29:00 PM
From: Berney	Read Replies (2) of 11051

JT, Actually, I was looking at the Market as it was happening. The rebound was indeed significant, but it doesn't change the fact that all three closed below their daily trend line. That does not happen often and is cause for concern. The Pivot Points based on the trend lines (as I have them drawn) are GE, $107; MSFT, $84; and WMT, $47.50. However, I would agree that the horizontal support for WMT at $44 and MSFT at $80 appears rock solid. The weekly governs my view of the forest, the daily my view of the trees, and the hourly guides my ax to harvest the lumber to build my wealth. I will leave some chips on the table as I want to see a healthy tree. TB

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