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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (4923)	1/19/1998 6:11:00 PM
From: Steve Smith	Read Replies (1) \| Respond to of 42787

Hey Chris, I see your thread is #1 on SI again. I guess your colorful charts are reeling them in. <g> Many companies will be reporting their earnings in the next 2 weeks. My guess is that big money or institutions will take advantage of this opportunity to liquidate some of their holdings into the rally, given if earnings are fair to good. Because they know that slow growth lies ahead due to Asia. take care, steve

To: Chris who wrote (4923)	1/20/1998 10:25:00 PM
From: SK Ho	Read Replies (2) \| Respond to of 42787

Chris, Thanks for your responses. CPQ is still working on its 50 MA because of the uncertainty. In other words, right now the investors are worried about its fundamentals, i.e. BTO vs inventory level, profit margin vs sub1000 PCs, losing China market to Chinese PC maker?, etc. You have a very good TA skill. I tend to use the chart when the fundamentals stay the same. Otherwise, I reevaluate the stocks based on the fundamentals. Don't you agree? Good luck! Thanks again, SK CPQ Go! P.S. INTC might test the neck 82 before it retreats to 70 which means the head and shoulder(reversed) will be completed. A bullish sign and it could start sometime in July(That is when Pentium II chips will become the major chips for the low-end PCs. Hence, INTC will get less pressure from AMD and CYRX.). The uptrend will be reflected in September's earnings. I'm using both chart and fundamentals in this case. Bye.