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Strategies & Market Trends : MP - Market Pulse

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To: gfs_1999 who wrote (1054)	8/3/2001 9:06:54 AM
From: HairBall	Read Replies (1) of 1328

INTC Weekly and Intraday Charts... My QCharts INTC (Intel Corp) Semi-log Charts INTC Weekly – Click on Chart 5 INTC 130-Min - Click on Chart 6 About a year ago back in last August 2000, INTC began the decline that would drop it below its 1990 Rising Trading Channel. After the initial water fall decline it continued the descent at a slower pace forming a falling wedge in the process. This wedge found its bottom on 4/4 followed by a test on 4/9 with a slightly lower low. From there INTC proceeded to rally to break above the falling wedge per the norm. However, the rally stalled early and has been trading for the most part in a sideways pattern since. A move above (32.57) would be a break above and a drop below (26.14) would be a break below. My QCharts can be viewed at the link below. Click on above indicated Chart Links. lgscharts.homestead.com Regards, LG

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