INTEL FOR TECHNICIANS Message Board

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Technology Stocks : INTEL FOR TECHNICIANS

INTC 45.51

+10.7%

Jan 9 9:30 AM EST

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To: Howard Bennett who wrote (1367)	6/3/1997 8:23:00 PM
From: Howard Bennett	of 1513

Double Top? Tell me that the graph in this URL --> traders.com doesn't look vaguely familiar (albeit a graph of a futures contract)? Excerpt from a book I have with a chapter or two on Technical Analysis: "Double Tops are formations where the stock fluctuates, hitting the same top on 2 and sometimes 3 or 4 times." "The BREAKOUT from such a pattern is the clue to the action to be taken." I take that to mean -- Intel in a double top formation now? maybe another top will begin to form (one more quarter ...one more top?) THEN watch for a breakout (up or down -- up hopefully if Intel can deliver the goods in the 3rd and forth quarters). This begs the question -- if one more top?....then where is the near term bottom for Intel. The previous bottom of the current double top formation was around $130 to 134 -ish. Could we be headed $10 more to the downside?

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