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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Stern who wrote (4154)	12/10/1997 12:41:00 AM
From: Raptech	Read Replies (3) \| Respond to of 19079

FWIW: Moving Average Convergence/Devergence (MACD) indicates a BEARISH TREND Chart pattern indicates a STRONG DOWNWARD TREND Relative Strength is BEARISH Up/Down volume pattern indicates that the stock was under DISTRIBUTION The 50 day MOVING AVERAGE is falling which is BEARISH PE too high PS too high While there were 170M buyers (many who were panic buying price) today, remember there were equal sellers. The cat may bounce, but there is still more downside coming before a turnaround a couple of quarters from now. I am waiting for below 20, and maybe I'll miss the ride up but its a better risk in this case. Good luck to those who jumped in today, but IMO you were early. Rap