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Technology Stocks : Eaton (ETN) is definitely not overvalued! -- Ignore unavailable to you. Want to Upgrade?

To: Walter Morton who wrote (211)	10/2/1999 10:24:00 AM
From: Cola Can	Respond to of 338

That's interesting. Have you ever correctly predicted the DOW before? Nope, I'm just using TA. I did see ETN dropping to around 87.00 ETN formed a descending triangle, after hitting around 103.00 Once it broke the support line, I knew it would drop to around 87.00 The DOW is no different. It broke support and there is at least 1000 point drop in store. The over all short term picture for all stocks is down. Gold prices are going up which means people are buying gold. People are protecting their investments in case of any Y2K problems. This is why I think ETN will drop to around 66.00 Its not anything to do with ETN in general, but the whole market in general. When it drops, I think it'll be after the first of the year, before things start upward again. After ETN hitting around 66.00, if everything goes ok, after Jan, we may see ETN hitting 120.00 in March. I see a consolidating level at around 85.00, 100.00, and then to 120.00