You are quite assured of the answer to how INTC will perform soon.
Subject: "IDEA OF THE DAY"-Trading in&out for profits.
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To: +IQBAL LATIF (1781 )
From: +donald sew Jul 6 1997 1:45PM EST
Reply #1794 of 1800
IQBAL,
As you know I many play the INDEXES so allow me to tell you how the SOX performed during that time period of 3/25 & 4/17:
MARCH 25 - From 3/24-3/26 the SOX ran from 247-280 (low to high)
********** On 3/25 the SOX stochastic was K%=86, D%=47
********** On 7/3 the SOX stochastic was K%=88 , D%=59
APRIL 17 - From 4/16-5/6 the SOX ran from 258-315
********** On 4/17 the SOX stochastic was not that similar.
In my technical analysis I normally use 10+ indicators, so here's a run-down:
RSI - @ 46, and trending upwards
EXPONENTIAL MOVING AVERAGES: shorter MA's moving up to longer MA's=upward movement(I use various MA's, and they say the same)
MACD - similar results as EXPONENTIAL MOVING AVERAGES
A/D - already in positive territory, but still trending upwards
WILLIAMS % - @ 47, in the mid-range indicating price heading upwards
BOLLINGER BANDS - Just popped off lower BB = more room to move up. Middle BB @ 148.
CANDLESTICK - DRAGONFLY DOJI = bearish trend reversal, only bad signal
(ahh!! - who cares about candlesticks (just kidding)).
So the overall technical environment for the INTC to move up this coming week is good.
I did not check the other MAJOR INDEXES (DOW/OEX/XMI), should have but falling asleep.
Here's my prediction for tomorrow: INTC will either be relatively flat, up or down 1-2 point, therafter up.
IQBAL - I have noticed that there are hints that INTC charts may be completing the "CUP" formation. "CUP" = "\_/" = fast down, then flat, then fast up to the "RIM"(starting point of the decline). If I am correct, INTC could very quickly move back into the high 150's/low160's.
Non-technical opinion, with the split and if the earnings announcement/forward looking comment is well accepted by the market - such is quite possible.
Seeya
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