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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 39.99-0.4%Oct 31 9:30 AM EST

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To: finfan who wrote (103)7/1/1997 9:30:00 AM
From: IQBAL LATIF   of 201
 
Subject: "IDEA OF THE DAY"-Trading in&out for profits.

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To: +Mark (1415 )
From: +IQBAL LATIF Jul 1 1997 9:28AM EST
Reply #1416 of 1416

Folks-TO ALL- I am watching INTC chart-

Look at it carefully-
STOCHASTICS-see the change in direction of K% moving upto D%, a typical early sign of bottoming.

DMI- although D- is above D+ but look at the ADX it is moving up.

U.O- Join the declining peaks, early indication of uptrend in the price as price moves in opposite direction to the UO's declining peaks. This is purely technical report and it confirms our view that any break may be a trap for encouraging people to go short.

MACD- no convincing readind, even momentum which changed to negative is not convincing.

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