S3 (Multimedia semi's place 2be) Message Board

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Technology Stocks : S3 (Multimedia semi's place 2be)

SIII 0.0001000

0.0%

May 12 5:00 PM EST

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To: Norrin Radd who wrote (8427)	3/24/1997 7:16:00 PM
From: nan-xiang chen	of 9477

Tom: "Last year the NASDAQ corrected 20% and we are only half way there again this time" . Look at INTC intraday chart, seems to me the correction has been over. I like to use japaness candelstick as short-term TA. Usually, the Hammers pattern like today's INTC is a strong reversal sign from bearish to bullish. To confirm this, INTC should open higher and even close higher tomorrow, and meanwhile should have a up-side gap between the tomorrow's open and the today's close. If this will be true, INTC will lead the NASDAQ move up, which means the correction is over. For this reason, I just sold out my TRID PUT and bought SIII Call today. Good luck to all.

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