INTEL FOR TECHNICIANS Message Board

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Technology Stocks : INTEL FOR TECHNICIANS

INTC 39.37

+6.7%

Jan 2 3:59 PM EST

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To: xstuckey who wrote (1382)	6/5/1997 1:07:00 AM
From: Gary105	of 1513

TA analysis: closed on 130 d exp MA. Will either see imminent short term bounce (stochastics are sufficiently oversold to warrant it) or will break down further to test 200 d exp MA at 132. If that fails next support is gap at 90. Not saying that it will happen just indicating support levels as I see them. Current resistance: 50 d expMA at 151 5/8 European sales will also be weak in Q3 when most of Europe vacations. Possibility that we may see the buying opportunity of a lifetime if we are patient enough. Gary

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