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

To: Vitas who wrote (16082)	6/5/1999 1:22:00 AM
From: Berney	Read Replies (1) \| Respond to of 99985

Vitas, This stock, as every stock, will always get caught in a backlash or battle between the bulls and the bears. Dan Niles reiterates his forecast, which is already below the consensus, and the stock takes a dive. Then, Merrill, who used to be the enemy when Kurlock (sp?) was there, comes to the rescue. But, we all know that stocks fall down the slippery slope of fear faster than they climb up the slippery slope of greed. My friend, TM, has never placed a bet on what he calls "the four-legged creatures". There is good reason, even with a stock like INTC. If you watch it below the daily level, and boy have I watched it lately, you will note a bunch of candle wicks, or as I call them, sperm tails. In the case of of many Naz stocks, including INTC, they are total BS and blow the hell out of the Sto and MACD's. JMHO, of course. Berney