INTEL TRADER Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INTEL TRADER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Trading Machine who wrote (6129)	5/30/1999 12:39:00 AM
From: Berney	Read Replies (1) of 11051

TM, Some preliminary analysis! I predict that bear meat will be featured on the menu this week. Looks like a rotation back into tech and drugs and that should get the bears running for cover. The weekly chart of MSFT looks like a breakout. It's also above the $80 Pivot Point. Ms. Softie could take the whole sector with her. That would be great for my premature entry points into DELL and INTC. The good news on INTC is that I believe that it will go back to $60 this week. The bad news is that has to break $55 first. In any case, I think I'll put my sell order in at $59 7/8 and just sit back and relax. DELL needs to break $35, and I'm not sure where she goes after that. Patrick and Kev choose to conquer a new game tonight, so I got to go play! In any case, I think this is going to be a fun week. I also believe that we will finally see the market tipping its hand to the formation of a trading range. This will be healthy while the weekly catches up. Nevertheless, short term we need to have a bearish bias and only trade in the direction of the 60-min OEX. It's hard to ignore that the weekly OEX just provided its first sell signal since October and the daily only tested the parabolic negative down trend line. However, the short-term shows a 1% upward move just to test this down trend line; and, I believe, this will be the key to our understanding what happens next. PBTB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next