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

To: MonsieurGonzo who wrote (8836)	1/12/2001 2:09:35 PM
From: Berney	Read Replies (1) \| Respond to of 11051

MG, I looked at AIG last night. Looks to me like the pivot points are $67, $79, $88, and $94.5. MHO. Actually, I was amazed how long it took it, GE and AXP to fold. I'll look at the others over the weekend. TB

To: MonsieurGonzo who wrote (8836)	1/12/2001 11:15:39 PM
From: Berney	Read Replies (1) \| Respond to of 11051

MG, Re: Magic Lines and Musings Very frequently my FA half takes control and makes it difficult for me. I got this neat little FA valuation formula and it says GE is fairly valued at $40; AIG at $71; PFE at 44, and ENE at (yuck) $47. Definitely makes one pause. Let me just throw out my TA observations with all disclaimers applying. GE: It seems like an eternity ago that you and I entered the TA world. I think that we would both agree that drawing the magic lines is an art and not a science. Clearly, GE has obliterated one of the nicest weekly charts one would like to vision. I see strong HR at ~$42, TLR at ~$54 and the nasty HR at ~$49. The weekly chart shows that distribution is still happening, but $42 would be a decent lower pivot point. Obviously, we'll get a better picture Tuesday morning. My magic lines are on the daily and connect the top of 12/5 to the top of today. The reason I like this line is the parallel nature to the line from 11/8 to 11/29 that seemed to be the support on 1/10. This line also points to $42 as the entry point. A double hump camel on the daily sto is not unusual, but historically favors a significant upward move. ENE: Noted that of the 77 Big Boyz it is the second most overly valued stock in my little FA valuation system. The trading channel looks to be 55 x 78. It broke above this channel in 1/00 and is now back in the channel, but down is still a long way. That said the HS ~$63-$63.5 appears to be awesome and would represent a great pivot point. I expect horizontal trading for some time to come to allow the channel to catch up with this HS. PFE: Glad you pointed it out as my FA side has not allowed me to look at it for some time. First, I need to state that my weekly chart just gave a bearish signal and distribution still appears negative. That said, there is strong HS ~$41 and I have a weekly TL at ~$39. However, it should be noted that the price action of this week broke the $41 barrier, and, while, it might just be noise, it does have a nasty habit of obliterating the TL. The best way to play this one is on the 60 min chart. If you connect the lines at 1/3 9:30; 1/10 13:30, and 1/12 15:30, it provides a juicy TL that I get at about $41.50. If it breaks this to the upside, then a 15% run is very possible. I'll be watching Tuesday morning. Of course, JMHO and BWDIK TB