Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.47

-4.5%

Jan 30 9:30 AM EST

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To: Chip Roos who wrote (48569)	2/23/1998 6:15:00 PM
From: Barry A. Watzman	of 186894

>re: "I have to leave the country on Friday and was wondering if anyone knows for sure how high INTC will continue to climb during the next two weeks???" If anyone could answer your question, they would be doing something other than answering the question. That said, about a week ago, just before this most recent uptrend started, someone posted that Intel was forming a classic and very strong "Cup and Handle" formation (don't ask me, I don't have the foggiest idea what it is other than it's some technical analysis jargon). I asked a question about typical "cup and handle" behavior, and the response was that it typically results in a strong upsurge lasting about 2-3 weeks. If that response was correct, we are good at least to the second half of next week, beyond that who knows. Personally, I think it will go to somewhere between 100 and 120.

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