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Politics : Ask Michael Burke

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To: bill meehan who wrote (68973)	10/12/1999 9:53:00 AM
From: AurumRabosa	Read Replies (1) of 132070

I'm looking for INTC to get seriously bruised and battered in the next couple of quarters. I expect 30% easily and perhaps a 40% drop from their highs down to $54. Berney and the Boyz over on the Intel Trader thread do some very nice chart analysis and I'll just copy Berney's post here: Message 11361913 Ron, Re: INTC FWIW, I believe that the monthly chart is best used to determine the LTL (lower trend line) and the weekly chart is best used to determine the UTL (upper trend line). So, I show the LTL to be at $56 and the UTL to be at $85. There is decent HS (horizontal support) at $71, with a 50% Fib retracement at $70. If this breaks the 62% Fib retracement would be about $65 with the weekly EMA (exponential moving average) at $62 and rising. So, I have the pivot points at $56, $65, $70, $85, and $89.50. Just A View from the Swamp TB

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