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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (2421)	7/13/1997 7:26:00 PM
From: Chris	of 42787

INTC analysis: geocities.com Let's go through each chart: Chart 1) We got a break in the red downward trendline couple weeks ago. Notice the strong upsloping blue trendline (the bottom one) Notice where we have resistance and support. Many hurdles to crossover before we are "outta of the woods" Not much in terms of volume and PVT is weak. Trix ribbon is saying bearish. chart 2) Bb-bands expanding. Again, notice how the bb-bands narrowed considerably before any major moves. Look at other points of breakout/rallies, and notice the bbands' action. chart 3) overbought/oversold oscillators: Stochrsi (55) (blue-long term) is in oversold territory. Probable "w" formation. but not that important. Stochrsi (14) (red) is heading towards overbought area. Confirmed also by Stochrsi (8,5) (yellow). Cci (13) also showing overbought. Notice it is not necessary above 200+ to be overbought, eeach stock is different. But we see the general history that INTC is overbought when around 150... stochastic oscilltor -- fast -- overbought. slow -- netrual. Chart 4) price movement indicators: TRIX (14) bearish but heading higher. thus the bearish reading in my ribbon DAHL -- in bullish territory, barely, but some bottoming? DNS -- only at 3-5.. MACD -- both are rising. Only short-term macd in positive terrtory. Chart 5) weekly view: both weekly macd are BELOW red signal line. PVT is above signal line. ============================= Conclusion: 1) We have earnings coming out. That will have some major? effect on INTC. We will see. 2) INTC should consolidate a bit .. I can't tell you for sure that intc is going higher. That is because of the "mixed" readings. Most are heading up to bullish territory, but not there yet. This is what I call "bottom fishing". Not all the indicators have confirmed. Again, some prefer to bottom fish.. =========== Hope it helps. I think we will have a better picture once earnings come out. Any comments/critcism? Chris

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