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


To: MonsieurGonzo who wrote (10477)9/28/2001 3:04:01 PM
From: Berney  Read Replies (2) | Respond to of 11051
 
MG Re: Chomp, Chomp

Actually been thinking about that question a lot as I've been blowing bubbles with my scuba equipment and have no particular desire to have to change into one of those deep sea suits.

TM has me looking at the RSI with a 5 e setting. The last time OEX hit 96 (today's value) was 5/21 and, as we know, the short term top was the next day. Assuming that there are no spectacular fireworks this weekend, I'm looking for the market to tell me where the top is about 2:00 p.m. next Tuesday. This is based on the assumption that the shorts will wait until after the fed meeting to take their positions. I'm also looking forward to see what the commercials are doing when the COT report is released later this afternoon.

I'm guessing that this move will be to about the 20 day ema. Hope this helps?

Just a View from the Swamp

TB