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

To: MonsieurGonzo who wrote (10658)	1/10/2002 11:17:10 PM
From: Berney	Read Replies (3) \| Respond to of 11051

MG, Re: Bottle Tops & Other Tops TM is getting really good! I urge you to look at the charts on his site. The weekly gives a great picture of how we see the world. We have broken that nasty (white lines) down trend channel. However, it has been done before and each time has been a trap. The green line (noted also by JT) is also in play. The green line is also about the 50 wk ema, which has also proven to be massive resistance for a long time now. If this is a new up trend (which I doubt), the lower red line on the daily needs to hold. It is interesting that this line intersects the green line the end of January. Soon it will be time for Mr. Market to chit or get off the pot. I just finished a massive study of the financial information of the Big Boyz. Found that about 30% of the earnings, ROE and PE ratios at major sites are wrong. For example, I show the 0012 eps for AMGN to have been .19, while I've seen it at a reputable site at .24. No doubt they were picking up some kind of pro forma eps last year. The estimate for 0112 is .31. Seems to me that it should have a nice pop, however temporary, on that news, particularly with the arbitrage shorts involved. JMHO Hope you are well and Just a VIew from the Swamp TB

To: MonsieurGonzo who wrote (10658)	1/11/2002 9:18:38 AM
From: Trading Machine	Read Replies (1) \| Respond to of 11051

MG,,,,..perfect exit of that UpWave ;-) Dumb kcul, I assure you!!! gg I was also going back in yesterday, everything was there except I would like to either be closer to the trend line or have bounced off it. So I decided to wait an extra day. Now this morning I hear the news that big Al will speak this afternoon. So I will imagine that this is the reason for the mushy market and it will rip and snort after the spin masters finish telling us what he said. gggg Can't tell, this may blow the lower trend line our of the water and define a new down trend which we will play a little differently. The play there will be to wait for the candle to bounce off the white line (or where ever the lower trend line comes into play). This is just a pictographic way of doing the same thing we have always done. It is just an attempt to positively reinforce the patience requirement. gggg Also as Berney pointed out to me if we stop at OEX 600 again there is very little head room for a play from here and either it breaks above the 600 resistance line, or honors the JT green line which is even lower, or we go south. In any event, these points are well defined and the state machine on which to base a trading decision is in place,,,, now we wait. gggg We didn't take into account the possibility that we could run up and hit 850 and close at 623 but what the heck, I own ENE stock too. gggg The Swamp Fox says this is the WTC equivalent event in the accounting world, and I hear this morning AA personnel destroyed a "bunch" of documents. hmmmmm I wonder where Cheney is? hmmmm outa sight, outa mind?? ggg hmmmmm By the way the web site is www.angelfire.com/ego/trading_machine/ , comments are welcome, I still have my training wheels on.ggg Good luck Paul K.