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Technology Stocks : INTEL FOR TECHNICIANS
INTC 45.51+10.6%Jan 9 3:59 PM EST

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To: jmac who wrote (1368)6/3/1997 10:06:00 PM
From: xstuckey   of 1513
 
"I am looking for some answers too. But the word "gently" does not apply to INTC
price moves-up or down-of other techs stocks. They do not move genty."

For a probable answer note that in the past several years, Intel has traded with a single day's volume exceeding 50,000,000 three times. In July, 1995, this marked a top. In January, 1996, this marked a bottom.

These volumns are apparently not to be taken lightly. They have been major turning points.

My estimate is that we have seen another major top. Having said that, I also think Intel is short term oversold. If Intel moves above $146 tomorrow, I will be a buyer.

Best Trading, X
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