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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Sonki who wrote (1959)	6/28/1997 3:39:00 PM
From: Chris	of 42787

Sonki: INTC: analysis geocities.com geocities.com Looking at my webcharts (I even find them useful too), if the SOX tanks below 305, INTC has the *potential* to fall to 137-140. Looking even more bearish, we should see 130s as the absolute last support. But I think with the recent trendline break, we passed a crucial milestone. Looking back at past history, this is very similiar with the intc action during feb 1997. Trendline break (the diagonal trendline) and intc falls all the way down to 130 before recovering. Right now, we are in a similiar pattern to the intc action during late feb and early march, where it broke the 2nd diagonal trendline, then crashing through the 139-140 support line. All the way to the 130 support. If INTC or SOX doesn't start uptrending, we may very well see this downward action coming up. Again, all my opinions. For me, I see this as a perfect trading stock. Looking back at the BIG overall picture, INTC's trading range is in fact from 130 to 165. Should be very interesting... Any other opinions?? Differing opinions?? Chris

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