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Technology Stocks : Intel Corporation (INTC)
INTC 37.83-4.3%Dec 12 3:59 PM EST
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To: Elwood P. Dowd who wrote (168749)7/25/2002 10:52:39 PM
From: tcmay  Read Replies (3) of 186894
 
Elwood asks me:

"What's the next level of support for INTC below the 17-18 range?
I can see it on the longterm chart but can't tell if it's 12,13,14,15 or what.
finance.yahoo.com;

Looking at the chart, I see a candlestick formation forming at $16, with a fifth Fibonacci term possibly appearing at $14.87, plus or minus $.03. If the Moon is in Aquarius and the stars begin to shine, chartists may rejoice.

Of course, I invest based on fundamentals, not on chartist crap, so take what I say with a Fourier series of a grain of salt.

--Tim May
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