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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 695.17

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Jan 12 4:00 PM EST

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To: gfs_1999 who wrote (67071)	1/18/2001 9:22:54 AM
From: HairBall	Read Replies (1) of 99985

gfs: Intraday/Weekly Intel Corp Chart... My Intraday Charts – INTC (Intel Corp) Weekly Semi-log In early Sept of last year Intel finally began to give up the bull trend it had enjoyed for the nineties. It began a waterfall decline that took it below its decade long support line. Shortly after breaking support, INTC began a rising consolidation that took it briefly back inside the decade long rising trading channel. The formation was bearish and signaled the decline would resume, which it did in late Nov. The price action since the first of the year has been either consolidating prior to extending the decline or trying to build a base using the 30-dollar area as support. However, if you look at my weekly chart linked below, you will see that if the 30-dollar area does not hold there is room to decline further. INTC is at a critical juncture. lgscharts.homestead.com How to Interpret My Charts marketdirectionanalysis.homestead.com Regards, LG

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