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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Monty Lenard who wrote (1011)12/9/1998 8:22:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
Well if it is any consolation, I show an 87 reading on INTC which means it is in a sell category and I have a reading of 90 on MU. Seems to me the semi's are a little too far ahead of the rest of the market and could lead it down. Still, they have been so strong, I would like to see some confirmation first since they could just flag like MSFT did before moving up again.

What I find most interesting is most of the big techs are in the sell area right now including DELL. The only stocks I currently show as possible buys are the smaller ones like GTW. With both MU and MUEI reporting the 15th, not sure if I would want to be playing either sector before earnings since they will be the first peak at how strong demand and pricing were the last quarter.

I think I will continue to stay neutral for now,

Lee