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


To: Berney who wrote (10090)7/29/2001 7:45:58 AM
From: Trading Machine  Read Replies (1) | Respond to of 11051
 
Also, I wuz just browsing the DOWburger and....

it just passed the apex of the triangle (time wise) and can now either 1)stay in the downward trending trading channel or, 2)break it to the upside and go into a megaphone type scenario. Next week I have the down trend line at 10,700, and the top of the megaphone (for you bulls) at 10,770. So it would probably be week after next before we can tell for sure which, if any, trend line it will/won't respond to.

Interesting hugh?

Just somemore fuel for the trading fire burning within yours and Gershs gut! ggg

CU

Paul K.



To: Berney who wrote (10090)7/29/2001 10:56:59 AM
From: Gersh Avery  Read Replies (1) | Respond to of 11051
 
With the black fork drawn as I first had it before Bill Hueb suggestion ..

homestead.com

This shows the upper black tine at ~635 OEX for Monday.

Problem with this black fork is that it has never been tested.

There was a downtrend line that was in effect that has been violated to the upside. It was tough to find the correct starting point for the center tine that would properly locate the downtrend line. It will be interesting to see what takes place around this upper tine line.

Another clue, for me, will be to see if the 16 day SMA will cross over the 36 day again. The 16 is currently northbound while the 36 is south .. There is a potential for the cross over to take place before the test of the upper black tine. This would lend strength for the failure of this black tine .. touch and go here ..