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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (4003)	9/17/1998 10:38:00 PM
From: Berney	Respond to of 11051

MG, Re: Second Look Well stated. Labor Day weekend I labored to add monthly trend lines to my charts. I found the following to be within their monthly trends: ALD, AXP (at the time), T, BEL, BA, CAT, DAI (now), DIS, ERICY (now), GM, GT, GTE, IP, JPM, MCD (now), MMM, NB, PEP, S, SC, SBH, TRV. This represents about 1/3 of the Big Boyz list. I was toying with CAT, MCD, or TRV. I show the bottom monthly trend lines to be 39, 48, and 36, respectively. Caveat: I manually draw these lines across some ten years or so, and could easily be off a dollar or two or three. BTW I show the bottom trend line to be 34 for KO -- a bit pricey IMHO (but that doesn't mean TA doesn't signal a short-term buy). As I noted the other day, you got to almost do the opposite of the day traders. For example, there was a LU gap-up yesterday, and it never got higher. The risk is holding overnight, but no risk, little possibility of reward lately. Berney

To: MonsieurGonzo who wrote (4003)	9/18/1998 1:50:00 AM
From: set	Read Replies (1) \| Respond to of 11051

> LU to go long. Mr. Gonzo, LU has fallen out of a perfect triangle, retraced to the apex and fallen off again. Is the pattern worn out or too obvious? Nearest support is 66, and the nearest trend line is 10 points lower, unless one chooses to allow this past December and January to fall below the trend, in which case one arrives, again, at 66. LUcifer in the Sky is high Mon? Finally, the temptation to complete a rendition of the Taj Mahal is just to hard for the market to resist, IMO. BTW You run a nice place. Shahar