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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 37.06-6.2%3:59 PM EST
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To: Anne Stehley who wrote (72)6/22/1997 3:04:00 PM
From: IQBAL LATIF   of 201
 
Anne I thought no one visits this thread, it has been only my post however friends keep telling me that it is on the hot list and therefore insist that I keep this thread going,I thought following will be of some interest:

Subject: "IDEA OF THE DAY"-Trading in&out for profits.

To: +Yaacov (1034 )
From: +IQBAL LATIF Jun 22 1997 3:01PM EST
Reply #1038 of 1038

Yaacov- I thought to reply your query asap before I go out for my ritual gastronomic ventures lasting hours.

1- Please look at 10 20 50 dema's for INTC for a period of 24 months, look carefully what do you find?

Let me explain you there are only three ocassions where 10 & 20 have 'eloped for so long, a kiss that is never ending, lets see what happens after this prolonged close interaction unevitably the stock has gone down.

2- Lets look at the pattern of 10 20 & 50, a traditional recipe suggesting lows before new highs.10 has moved after intersecting below 20 and even 50, now go back to your chart and see how many times this has happened before, you will find the same answer, down before up.

When I feed my analysis within parameters of my model even such a strong sell pattern does not convice me of a down move, I still think this ime its an aberration, so 65/35 stays biased on a upward break, you may not find many straight answers cut and dry but I think you deserve a clear answer so as to protect your intersts properly. I am long and only reverse if 305 on the soxx gives up, ofcourse I will short at break of 301. Regards
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