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


To: Chris who wrote (8201)5/5/1998 12:10:00 PM
From: R. Ramesh  Read Replies (2) | Respond to of 42787
 
Chris:

I am interested in a read of TXN to cash in some ESPP stuff. David J recommended that I ask you as you do analysis of large caps. I hope you would not mind. I like your opinion on where TXN is heading and how long do you see it going up before buckling.

I apologize if this is a hinderence.

TIA

Ramesh



To: Chris who wrote (8201)5/5/1998 2:34:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
MESSAGE TO BIOWONDER: ANTC:

i dont have your email address. laptop has not been fully installed.

today, if we close here, we have 9 day ema break. Even though, my weekly chart is still somewhat bullish, im getting weakening signals. As i said before, weekly charts are not for timing trades. Today's break of the 9 day ema is a big "Shift" in outlook. I also mentioned that 20 was tough resistance -- and it seems to be true (thus my recommendation to buy near the 9 day ema and not close to the resistance of 20 -- in case you need to exit, your losses will be small)

here are the support levels that you can play:

9 day ema - 19.00 or so.. broken if antc closes right now (18 3/4)
21 day ema -- 18.25

if you feel that you would like to trade on a longer time frame, then exit at the 21 day ema. you must exit at the 21 day ema since that moving average support has not been broken since march (rally inception). that is left for you to decide -- risk, loss $, trading time frame, etc

i hope my analysis helped you. im doing my best to get in touch with you.