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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (13626)	11/26/1997 12:51:00 PM
From: TechnoWiz	Read Replies (1) \| Respond to of 27012

Hi Sonki, I suspect IBM is running into that initial resistance (Double Top) around 109, that cautioned about in earlier message. There is usually a bit of a pullback from this level or a slightly higher high say 110-112. The important thing is to monitor closely the behavior on that pullback and overall mkt strength too. If the pullback is shallow, it is usually a good sign the market will begin to move rapidly to higher levels, but with all the potential negatives out there it merits close attention, because in light of other weaknesses it could turn out to be a bull trap! T looks "Tremendous", you have a knack for picking winners! Mrk also acts quite well in spite of losing ground on its Zocor line. BTW the $2.25 I mentioned in reference to IBM relates to quarterly earning est for Q4, but don't hold me to that. Have a nice thanksgiving rgds Wiz