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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: semi engineer who wrote (801)	11/25/1997 10:25:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 1589

SemiEngr; RE:" TER CMOS..." CMOS supports 27/ 25/ 23/ and resistance /31 /35; in a trading range; trend is down. Chart feels stronger than TER. TER supports 35/ 30/ and resistance /40 /45; in a trading range; trend is down. Doji today indicates indecision, possible bounce - no reversal indicated by the tea leaves, FWIW. QNTM supports 24~26/ level (and then -6 points lower) and resistance /30 /35; in a triangle trading range - one assumes any break out or down will indicate momentum +/-6 points. Looks like accumulation pattern, hard to tell though. DELL strong resistance @ /87. Supports at 79~80/ level, then 70/. Wants to rally - no reversal indicated by the tea leaves, though. Unlikely to go below 70 without general market selloff, but clearly final support is ~60. IN GENERAL The semi-equips are just going up and down, with a downward bias. IBM is surprisingly strong; CPQ is surprisingly weak; investors consider DELL over-valued despite growth rate (so far); HWP and GTW are just plain weak; and MUEI is in the toilet. Tune in next week - if Asia will leave us alone, capital may start to flow back in to TechStocks. Right now, DJIA and NAZ are divergent. OK - your turn! MSFT INTC AMAT DELL QNTM CSCO -Steve