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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Trading Machine who wrote (6335)	7/19/1999 1:09:00 PM
From: MonsieurGonzo	Respond to of 11051

Paul:" OEX.X " >my trend line drawing where it is bumping its head on 735... ...that's a valid line, Paul; drawn from CLOSE 08-JAN through the points CLOSE 12-APR and 22-APR. Draw another line starting around CLOSE 03-APR-98 through the points CLOSE 22-APR-98 and 17-JUL-98; this line would represent a kind of "max upside extent" sentiment insofar as magic lines drawn on charts can reveal the future (^_^) and is perhaps more seductive T/A because it strikes the fibonacci upside extent measure. Like a lot of folks looking at nice, fat YTD gains in their common stock holdings, I got no problem with taking profits here, going flat and booking a flight for two to the nearest playground ;-) See you in September! But not sure if I would flip to a portfolio market short bias just yet, though... so long as the OEX stays above its 14d EMA and holds the line at OEX ~715, Dude - it's a Bull Market. >Crater and burn CSC ! ...69 is divine; then dive to gap at 65 ! FWIW sold 1x position BOB at 42-3/4 target; holding remaining 2x with dreams of 45~47 exit. -Steve