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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Al Serrao who wrote (3261)5/28/1998 8:33:00 PM
From: Mr. BSL  Respond to of 34810
 
Thanks Al & Preston. I don't hold TXN but would like to when it's
RS and Chart shape up. I'm stopped out of my OSRV stocks today. Looks like I'll have plenty of cash when the NYSEPB turns back up!

Peace & Profits

Duke



To: Al Serrao who wrote (3261)5/28/1998 11:15:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34810
 
Hi Al,
Regarding TXN.
The sell signal at 51 is a big one. Let's hope it holds at 52. It is worth noting that the daily/weekly momentum is negative and the monthly is less than .5 point away from being negative.
Next support at 40.

Take care,

Jan I am



To: Al Serrao who wrote (3261)5/29/1998 12:01:00 PM
From: Judy  Read Replies (1) | Respond to of 34810
 
Al, it would be prudent not to take a significant position in any semi or semi equip maker until MU reports on June 16th. I expect MU to say nothing positive and Kurlack to open his mouth and vindicate his correctness in calling for more pain in the sector.

There are also clouds on the horizon for INTC, I shall post this weekend on the Ideas thread ... several people have sent me private messages regard INTC and semis in general, to which I will respond via a weekend post.

This is the season to fold technicals and fundamentals and market internals and tape action together. Again, all signs confirming ... or stay by the sidelines unless your time-horizon is years. Remember, semis are 4-year cyclicals.