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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: StanX Long who wrote (61918)3/12/2002 2:10:33 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Recently I added a 1000 shares of LU to widen my portfolio.

Looking at chart this evening, I am concerning adding 1000 shares each of a few high techs.

Any opinion on EMC and SUNW ?

Any other high tech recommendations ?

I am looking for stocks like EMC, all time high $104.94 now $11.75, and SUNW high of $64.66 now. Both with OK PEs.

Thanks

Stan



To: StanX Long who wrote (61918)3/12/2002 11:47:35 AM
From: Gottfried  Read Replies (1) | Respond to of 70976
 
Stan, I was able to see the high pole SOX warning stockcharts.com

The definiton is

High Pole

X
XO
XO
XO
X XO
XOXO <-- high pole warning (more than 50% reversal)
XOX
XOX
XO
X

The high pole warning is given when a chart rises above a
previous high by at least 3 boxes but then reverses to give
back at least 50 percent of the rise. The reversal implies
that the demand that was making the prices rise has given
way to supply pressure. The pattern is a warning that lower
prices could be seen in the future.


stockcharts.com

PS: I think somebody is accumulating EMC. I put in a sell
order at 11.70 yesterday and it filled at 11.75, higher
than my ask, near the end of the day.

Gottfried