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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (3439)12/22/1998 12:57:00 PM
From: Loren  Read Replies (1) | Respond to of 17183
 
To All...

Technical Analysis of EMC.

Weekly Data: MACD histogram extremely high, and pulling back a little bit. This indicates that the stock is 'decelerating', although clearly still in an uptrend that could continue indefinitely. ADX indicates that the uptrend is the strongest EMC has experienced since summer '97...

Daily Data: Stochastic had pulled back, is now pushing back upwards. short term trend looks good if not foiled by other events (e.g., Clinton, Iraq, etc.)

What I am doing: long, holding fast...

Disclaimer: ===> Don't construe this as a recommendation. This is just some crazy technical analysis of a stock... everyone knows it's mumbo-jumbo... LOL :-)

Merry Christmas!

Loren



To: dennis michael patterson who wrote (3439)12/22/1998 1:57:00 PM
From: JDN  Read Replies (1) | Respond to of 17183
 
Dear Dennis: Hope Jimmy Rodgers didnt recommend it, I always lose money on his recommendations. The CEO has predicted that sales will triple by 2001. That being the case I expect stock to at least double by then if not sooner. JDN