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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 40.16-2.9%3:59 PM EDT

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To: IQBAL LATIF who wrote (135)7/6/1997 2:25:00 PM
From: IQBAL LATIF   of 201
 
I looked at the chart of INTC and checked Stochastics only.

Subject: "IDEA OF THE DAY"-Trading in&out for profits.

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To: +IQBAL LATIF (1790 )
From: +xia qiu Jul 6 1997 1:55PM EST
Reply #1796 of 1798

Hi,Ike!

I looked at the chart of INTC and checked Stochastics only (I don't even know what DMI is on which I need your edification). However, based on what I saw on the Stchastics I think INTC is going to have a runup when the market opens on Monday. The numbers on all three dates given have the similarity of going upwards shortly after %k crosses %D and rises above the latter. On the third this scenario is mostly likely to repeat itself which is what we are about to see on Monday.

But also note, coupled with anticipation of INTC's approaching earnings announcement and pushing the split in mid-July, I anticipate INTC to reach 150-152 by week's end.

What's your take on it and how do you analyze them? That's the greatest reason I want to strip you of your administrative duties. Yu are an architectural engineer, not a construction foreman telling his workers how to lay bricks.

Regards

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