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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: robert w fain who wrote (2435)	12/11/1997 3:42:00 PM
From: TREND1	Read Replies (1) \| Respond to of 6180

robert you wrote <<Larry in plain English would you please take the trouble to explain to an ignorant investor in TI stock how you can tell from the chart that TI should bounce at 42.5.------I would welcome and appreciate the education---might even make me some money some day.>> robert A stock is like a wife ! After 30 years or so, you can tell what to expect from a wife. ............................................ If you look at the chart (I sent out on TXN), the probability is high that a bounce will occur at a point 25% below the 50 day moving average. ........................................................... In more "math" terms, a moving average is a filter of cycles. When TXN is 25 % below the 50 DMA a reaction has occurred in the past..........and IS PROBABLE IN THE FUTURE......... ..................................................... So what did I do......I just did a chart of TXN and 5 other high tech stocks and looked at the past...... ........It does help that I have been looking at charts since 1969 (g) Larry Dudash

To: robert w fain who wrote (2435)	12/11/1997 9:45:00 PM
From: johnny boy	Read Replies (1) \| Respond to of 6180

Robert, Here's where I'm at, in case you were wondering. After six months or so of not buying, I have resumed my regular buys. I am accumulating again. The downturn is clearly here. It's like the flu season; you know it comes around regularly and you may as well get through it and make the best of it 'cause you know summer is beyond. I don't follow charts to a science but I'm proud to say the current stock price is still higher than any share I've ever bought--to the best of my knowledge and recall. I plan on buying until it gets back up to 60 or so. I may stop again there. It would be fine with me if it stays low for a while so I can pick up a few hundred shares on the installment plan. You know the rest of the story. We end up at our respective beach houses someday. JB