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

To: Berney who wrote (8843)	1/13/2001 12:17:54 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

TB> hey, that was a VERY nice analysis, Berney > seems like an eternity ago that you and I entered the TA world... yeah {grin} at heart I suspect we're still a pair of financial accountants ~ more than we'd perhaps like to admit! F/A may give us a determination of "fair value" but, at least for me ~ the caveat is that fair value is not the same as "entry point". If FA does not necessarily tell us when to enter (or exit) some stock ~ then what it does do is tell us something about the financial well-being of the bellwether = locomotive for each sector. And that's important and that's why you and I do FA on each sector's apparent bellwether(s). TA-wise, you know ~ I have become very reliant on de-constructing the SnP or TMW.X or NDX broad-based indices into these "sector" index charts. iow, it's not just "what's up F/A-wise with AIG or ENE or PFE?" but also "what's up T/A-wise with IUX.X and UTIL and DRG.X ?" is how I've come to view things. _ anyhoo (^_^) like everyone else, I'm sitting here staring at the NAZ closing the week at its apparent DownTrend Line... there is an apparent horizontal support down there, underneath it - which, we hope it does not plunge through, as it has done for the last four months; T/A tells me to hedge my underlying NAZ position right here, right now (which is what I've done) or, get out ~ go into cash until further clarification: which is what you have done. perhaps that damn DownTrend is dead. That doesn't mean "growth" necessarily -- it just implies, perhaps "no more decay". imho, the most likely near-term scenario is a kind of horiz. base on the broader indices, characterized by earnings churnings of the underlying sectors. We can continue to make money by riding these waves in the SPY or MDY or QQQ or DIA broad-based indices... but I suspect we could also go back to a sector playing strategy; ie., sit on it and rotate. -Steve P.S. GE - insofar as investing long-term: this is a dip - you buy GE (in lieu of SPY or an index fund) at 40~45, turn on its DRIP and forget about it.