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Strategies & Market Trends : Galapagos Islands
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To: Augustus Gloop who wrote (44055)7/15/2003 2:13:45 PM
From: Jorj X Mckie  Read Replies (3) of 57110
 
DDD intel comments today

Intel (INTC)
Intel has earnings tonight after the bell. There are two technical factors that I am looking at. Intel is at the top of a rising channel, which implies that it is running into resistance. However, there is a gap at 26.35 from June 2002 that is within spitting distance from here. Though I am increasingly bearish, I have a difficult time envisioning this gap not being closed before the markets start their decline. Perhaps a rally into the book-to-bill report will assist in the gap fill.
dailyduediligence.com
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