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

To: J Fieb who wrote (11546)	11/17/2000 8:22:14 AM
From: jad	Respond to of 17183

EMC [EMC], the date storage company, has been one of the true market champs over the longer haul. With gigabytes of data floating around, this business is tailor-made for the new web-based economy, and given the bullish wave structure of the chart, investors appear to agree. The stock has been in a medium-strength decline since the beginning of September, and signs are now appearing that a reversal back to the upside should take place. The chart shows us that the much sought-after "stealth bull scenario" has engulfed the stock, with underlying investor sentiment beginning to diverge from the stock price. This is usually a great opportunity to pick up a stock before it reverses higher. The short-term wave ratio structure is quite negative, so we are likely to see the stock trade back down below the recent lows of $75. But it would be a very good point to enter into a position for both short and medium term up trades. I expect the stock to bounce back to the $88 to $90 level on the next short-term run, and in the medium term, I am expecting a move to new highs from stockhouse