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Strategies & Market Trends : Intel
INTC 41.34-0.4%3:59 PM EDT
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To: Chris Lin who wrote (8)3/28/1997 6:43:00 PM
From: Alec Epting   of 11
 
INTC will encounter resistance at 141. The most likely scenario is that it will trade between 125 and 141 until the Pentium II comes out.
If AMD signs a major OEM deal with the K-6, INTC will retreat to the
low end of the scale.

I expect the 160's again by January of next year. However, the market appears to be in for a big correction soon (6250 on the Dow, 1200 on the NASDAQ). Looks like rough waters through the summer.
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