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Technology Stocks : LSI Corporation

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To: Tony Viola who wrote (20930)12/30/1999 1:53:00 AM
From: E. Graphs  Read Replies (2) of 25814
 
//OT//

Hi Tony,

Just checking on INTC and I think it looks fine. It should be headed higher, or sideways to higher, along with SOX and semis in general. S/T downside on SOX is about 650, which is not much downside, and I find no indication that it will test it here other than a small diamond that could reverse us down.........upside at the moment is ~780, imho.

Remember when I mentioned INTC at ~50 on this thread? ....at the time it was looking like a good buy with resistance at 64. Well, that did turn out to be a good buy, and it got through 64 and has since come back to test the area twice. .....all in all a very healthy exercise. Support looks to be ~80 level now.

Continued good luck with it.

E

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