Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.32

-0.8%

Jan 15 3:59 PM EST

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To: Amy J who wrote (130262)	3/18/2001 10:41:31 AM
From: michael97123	Read Replies (1) of 186894

Amy, I based 1800 on my belief that it is a form of gravity that pulls stocks toward the big round numbers. It happened on the upside as well. Many of the landmarks broken on the upside caused an additional surge of buying that quickly added a couple of hundred points real quickly. Breaking 2000 caused some selling, maybe the last of the selling. We have gone down 7 weeks in a row, a first since the late 70's. My gut says that AG might surprise with one point cut(probably 3/4). The market should rally into the announcement and 3/4 or a full point will make the rally stick. Even if it turns out to just be a technical bounce, we should be able to add a couple of 100 nasdaq points. I believe the dow will flounder as the financials and value segment of the market continue to get their lumps. Given opec news and this weekends newspapers and talking heads, the bottom may actually occur around noon on monday. I plan to buy but I doubt whether i will have the courage. I might look at qqq's and I will look at intel again. Mike

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