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Non-Tech : RAINFOREST CAFE
RAIN 3.360+0.9%Jan 16 9:30 AM EST

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To: Dennis Vail who wrote (170)7/17/1996 8:03:00 AM
From: Terry Audette   of 4704
 
Hi Dennis,
IBM couldn't have made a more perfect bottom yesterday. If I could
have ordered one it would have been that one. I believe as you know
that IBM will lead the market higher my fear is that if it stalls and
turns down again around 108 or so we could be in deep #2. I don't
think that will happen but it could and we must be watchful at the
time. Assuming all goes well IBM could go to 150 and take the market
with it.
RAIN closed strong yesterday and I hope it will continue, I'm expecting something like 32 or so in a week or two and then a bit of
a correction.
INTC's first resistance level is 72 but I suspect that won't be a
problem. The next resistance is at something like 82.

Terry
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