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

To: Berney who wrote (6701)	9/2/1999 3:29:00 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

TB:" spyder beside her " geocities.com ...just cleaned up the SPY chart. Yeah man, sideways. From the beginning of the year until 05-MAR, it was just banging its head up against ~128.5 +/-1. Ever since then, it's been bouncing offa that level, like a drunken sailor. I mean, check its pulse, Dude - I think it's dead ! ...friggin' 200d EMA finally gettin' caught up to it, and a really-really long-term UpTrend regression Line. We be investment grade soon, Dude ! BO-RING. drugz yeah, 'just finished doing them, uh - I mean analyzing them {ahem} and THANK GOD FOR BIOTECH, baby - AMGN & BGEN been very very good, to me. Anyhoo, came up with this drug mix, uh - I mean portfolio : MRK PFE BMY JNJ SGP WLA + AMGN BGEN IMNX MEDI ...which keeps the 60:40 = DRG:BTK balance that I like but, spreads out the beans more. This 60:40 mix is up +40% YTD, even with the major pharmas weak... my friggin' BGEN's about doubled YTD, Berney; my MRK PFE SGP + AMGN BGEN current CORE mix is up ~28% YTD, so hey - nothing wrong with drugz, you just gotta diversify those babies, mix the white rabbits with the green turtles man - and it works OK. Like I said, DRG.X+BTK.X is the best sector for traditional F/A and portfolio theory, imho. So, right now I figger odds are, SPY poops out 136 +/-1, then we tank on down to apparent neckline at ~132 and scare the hell outta anybody looking at a chart (^_^) ...that puts us at NECKLINE ~132 minus HEAD ~138 = -6 extent from ~132 = ~126 target; below the magic line at ~128.5 +/-1 (where the 200d EMA just happens to be sittin') but SHIT, there ain't nothin' there on the chart but SPACE (yikes!) where there is an unfilled gap 04-MAR~05-MAR at ~125 and next horizontal support is around ~122.5 so, everybody panics, sells me their stock down there, cheap {grin} and I load the boat, make all kindsa $$$. Then again, mebbe it doesn't do that; mebbe just keeps going up - the CORE goes from +30% to +50% YTD, and I make all kindsa $$$. ...did I tell you I just did the drugz ? oh, yeah... giggle nevermind. -Steve