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


To: Berney who wrote (7164)10/25/1999 5:57:00 PM
From: bobby beara  Read Replies (1) | Respond to of 11051
 
Berney there is your tech leadership

bigcharts.com

all these pension funds that have big caps like ibm, mo and xrx are getting bagged lately.

I just spotted a monthly ibm chart on today's intelligent speculator, had an ADX of 60 at the peak, which is usually a buying climax reading. I also can count five waves up from the 93 trough with 1 ending 95, 3 ending 97 and 5 ending recently, it wouldn't surprise me to see a repeat of the the bear market it had from the 87 top.

Everybody loves this laslo birinyi guy and think he some kind of god, but he reco'd IBM on chucklreyser several weeks back at around the 125-130 area -g-, he's batting a 1000 lately he pitched aol and schwab in early april -g- the last time i remember him on the show.

bb