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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 (3132)2/28/1998 4:10:00 PM
From: TREND1  Read Replies (1) | Respond to of 6180
 
robert
(1) I have no position in TXN, but follow it to compare it to MU.
(2) Note how TXN hit the lower band near 40 and started moving up
in a channel.
(3) Now note the point B is near the upper band, but still in the
up channel.
(4) If TXN broke out of the current channel (40 to 60) to the
down side, that would be bearish....or at least no longer
bullish.
(5) Finally, It is your money ! It is your call !
Larry Dudash
PS: As stated on the Micron BB. I am bearish on MU since 2/17/98
A break in TXN to the down side would again confirm my
bearish feelings in MU.