INTEL FOR TECHNICIANS Message Board

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Technology Stocks : INTEL FOR TECHNICIANS

INTC 41.34

-0.4%

3:59 PM EDT

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To: J. Kerner who wrote (1489)	7/21/1997 12:20:00 AM
From: saul mikaliukas	of 1513

Gecko...Distribution does nor occur in one day and I tend to disagree with your TA. Intel, you must remember is not coming off a bear market bottom!! Intel is in a Bull market that is getting older with every passing day!!! I would agree that the move recently made by the stock came from a bullish formation formed in late May and the month of June. My distribution analysis covers the whole year of 1997. As a matter of fact I would not be all that amazed if what is happening to Intel and the whole technology stock sector is a final topping mode, I would even speculate that Intel might have just made a triple top. We shall all know within the next couple of months if that is the case. This coming weeks market behavior will certainly have a major impact on the future stock price and I would highly suggest you to rethink your motto that "Greed is Good" People who feel that way usually end up in the poor house!!!! Good Luck and Have a Great Week!!!!

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