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

To: MonsieurGonzo who wrote (6603)	8/23/1999 12:06:00 AM
From: Berney	Read Replies (1) \| Respond to of 11051

MG, Musings from the Swamp I was hoping to have my analysis finished, but, as TM noted, I've been playing Mr. Mom as my lady has spent the last couple of weeks on a trip with her parents. Been interesting! Also went to see A Sixth Sense, which I highly recommend. What is interesting in the last two weeks is that my BASIC indicator of the Big Boyz hasn't really changed, but BAMBI went from only about 20% positive to about 55% positive. Clearly, I think that we probably see the same things. I see pennants everywhere, and we will be testing some of them in short order. With this in mind, a few stocks to watch to see if the pennants are broken to the upside are AIG, CMB. and CPQ. My charts say that the Telecom stocks are DOA with only a question of where is the bottom! What a brutal week it was for this sector. Price wars, law suits, system disruptions are not well received by the Market. On the otherhand, Drugs seem to again be in vogue, and I got buy signals all over the place. As I previously noted, I believe that the Market health depends largely on the near-term performance of this group. However, $DRG is right at the weekly down trend line. This line will be important for the Market! Speaking of down trend lines, my major Phleet commitment in F will probably be attacking a weekly down trend line in the morning. I hope it makes it! But, then, right behind it I got to deal with the base of the broken pennant. May we live in interesting times! Of the 65 Big Boyz, 21 are negative YTD and 31 are negative since 4/30. Still, the Big Boyz are beating up on the Index for both periods; although not even close to the performance of your Core. You got to be pleased with your selections. As I noted on the MDA thread, the third quarter earnings are now projected at about 40% greater than last year for the Big Boyz. Last year was a clunker, but it is hard to believe that this increase will not go unnoticed at some point. Nonetheless, in the short term, the bears will probably be in control for a few more weeks. I got some particular comments on the new precious metals, but they will have to wait, as it is time for a nap so that I can perform my Mr. Mom functions in the morning. JMHO and BWDIK PBTB (but hopefully not for long)