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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (10639)	12/13/1997 2:01:00 PM
From: Dwight E. Karlsen	Respond to of 22053

Re But misery loves company, and we have plenty of both. Indeed. Intel chart notes: On Dec. 4th, Intel's 100 dma (100 day moving average) ticked down. The last time Intel's 100 dma ticked down was June 24th. Intel's Friday Dec 12th close of $70 1/2 is the lowest close since 7-07-97. After July 7th, Intel went on a tear, climbing virtually non-stop until Aug. 5th, where it closed ~$102. So, it seems to me that many of this past Summer's excesses have been wrung out of this market. This action though, has left Intel 10-1/2 pts below it's 200 dma, which is flat-lining at ~81. If Intel's 200 dma starts moving down, I'm going to be VERY concerned. The 200 dma did actually already tick down in the middle of Nov., but 4 days later it ticked back up to resume flat-lining. I have been using stochastics with the default settings on Bigcharts.com on the major indexes (DJIA, Nasdaq, S&P 500), and slow stochastics has been eerily accurate since Oct 27th, (Grey Monday). On that day, the slow stochastics where near zero, and since then, every time the slow stochastic has went to over 80, the market tanked within 2-3 days. Slow stochastic was over 80 two Friday's ago, and now yesterday the slow stochastic is ~5 (if I remember right). Anyway, if this indicator keeps it's accuracy, the odds are very high that Monday will be an up-day, on a closing basis, beginning another recovery for the techs. DK