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

To: David M Gambs who wrote (16332)	1/19/1998 9:16:00 PM
From: TechnoWiz	Read Replies (1) \| Respond to of 27012

Good Evening David: Nice to make your acquaintance. The reason PFE rates a 10 in contrast to MRK is that it has a somewhat more solid bullish uptrend structure, ie a longer steeper uptrend and has been less prone to significant pullbacks compared with MRK. The type of profile that PFE has developed has a tendency to eventually blow off on the upside, so a reasonable target for this might be as much as $110. That does not mean to say the stock could not pull back $10 or so even from here, but I would expect the stock to come roaring back from any weakness. If that were not to happen, I would be worried, not just for PFE but for the overall market, seeing as the stocks in this sector are core market leaders. A good analogy in both structure and rating is PBI. This stock has been rating a 10 for a long time and suffered a sudden sharp pullback, only to recuperate strongly within a few days. There is resistance at 80 on PFE, if this is overcome then we could run up quite sharply from here or just a dollar or two, hard to call just now. Meantime, I'll try and keep you posted on how the ratings unfold. btw: Nice profile, very cool. Actually, I quite like TRIBY right here, 'though it may still have some more work to do. Because of the long term corrective downtrend, main indicators have not yet turned up so it is dampening its +ve ratings. Have a good week rgds Wiz