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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Ali Shahbaz who wrote (26949)	3/3/1999 3:49:00 AM
From: Doug R	Read Replies (3) \| Respond to of 79227

Hi Ali, With a stock like INTC it is imperative that you have a very clear idea as to your time horizon. Are you trading it or are you invested. One of the best uses of TA for stocks like INTC is the 13 dRSI. When the stock makes a new high on a lower RSI value, warning flags should go up. If it continues to yet another new price high and the RSI value is higher than the most recent but still no higher than the first, sell. That will get you out even before the 50 dMA is broken. Very often, it will get you out at the top. As for starting a regimen of averaging down here, wait for the 13 dRSI to fall below 25...that should be tomorrow. Don't pour everything in at once. Also, IBM is going to most likely be THE large cap to own for the next 5 yrs. Trickling into that one should be high on any investor's list. Doug R