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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?


To: Lynn who wrote (9150)2/6/2000 1:29:00 PM
From: Gary  Read Replies (1) | Respond to of 17183
 
Hi Lynn,(OT)
I don't know anything about the co. and I try to work fundementals and charts together. The stochastics look overbought at the momnet and I ghuess my bigger concern would be the daily volume traded. It was only 47,000 on Fri. and those kind of stocks can move wildly (in av ery short time frame)in both directions more than one like EMC that trades avg. 5,000,0000 a day.
I don't like to give advice but if you look at your chart and click on the MACD in the right coloumn you will get a good explanation of how to read the charts.It's well worth printing out and spend a few days digesting it. My take is the the market is going to be soft now until about Feb. 24 and the we should have a 3 week run up. After that I am going to take very close look at how much I want in cash vs. stocks. Best of luck to you!!