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

To: Berney who wrote (4131)	9/26/1998 2:44:00 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

Berney; RE:" Bullish BAMBI " yeah, what it looks like on the BigBoard indices is a breakout UP of the medium-term DownTrend Line, a re-tracement Thursday, when DJ was running around saying that the world was falling apart, (Europe was really tanking, while the U.S. has been going up and down in an upward - trending channel, FWIW) and some joker on TSO was leaving me messages about "DOW 7200 in six sessions". But then, they were all short the internet stocks, so... (!) well, barring some unknown news, there should be a bullish run-up in anticipation of Tuesday; then lotsa volatility with another pull-back after the rate cut announcement (whatever it is); then the DownTrend will be replaced by an upward-biased trading range. if there is no rate cut whatsoever, then we will crash down to 7400~7500 perceived support pretty quickly, followed by a second crash that takes the DOW on down to far target ~6300. Donald Sew's analyses have been "neutral" for the last two waves; including +500 point DOW moves up and -300 moves down - so his posts have been useless for trading since the first week of September - when he took a short position on the OEX - which I assume he is still holding, as he welcomes any bearish breeze blowing in the TSO thread. I have also been unable to see the last two waves' turning points - so fast have the reversals been, being often gap-up or gap-down open, futures-driven -- so for two weeks all I have been able to do, really, is exit some poor trading positions (remember F ?) gracefully; watch my core holdings steadily gaining; and treble the effective income yield of my cash reserves (^_^) I question oil, paper, metals stocks' fundamental PEG, Berney - but I cannot deny the extent that these sectors have recovered. BigCap U.S. TechStox remain the best long plays since the crash 31-AUG. -Steve