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

To: Jurgen Trautmann who wrote (10188)	8/9/2001 8:36:46 PM
From: Berney	Read Replies (5) \| Respond to of 11051

JT, I thought you covered your CSCO position. It is not unusual for a broken pattern to go back and test the breakdown. CSCO has big time resistance at just under $19; yet it would take a much higher level to test the breakdown. Boy, ORCL is showing that those gaps just don't work. Over the years, I've asked several times in different sandboxes for someone to give me an example of a gap that wasn't filled. I've yet to get a taker. It is also important to note that SUNW held its support at $16 big time. Now, it that little tech category, what is MSFT going to do? As to GE, I like the setup pattern. A little up/down wiggle pattern. I just only wish that I was in at your entry price. Now, it has to break, one way or the other. I hope/pray up. My concern is the basic materials/cyclicals. I have a hypothesis that they lead. TM is going to do some effort on this issue. Specifically, I'm watching AA (where is MG when you need him?). A conclusion could be reached that it needed to close its gap. Okay, that was done. Now we shall see. Just a View from the Swamp TB