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Strategies & Market Trends : Classic TA Workplace

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To: ajtj99 who wrote (94611)	4/8/2004 3:09:12 PM
From: Henry J Costanzo	Read Replies (2) of 209892

No real read, aj....and certainly no counts....but some comments FWIW. Sure you're aware INTC has been quite the weak sister for some time now.....Has been underperforming the SOX steadily since the late Nov highs.... SMAs are a mess......20 and 50 been falling for some time.....20 now below both 50 and 200, and the 50 just crossed below the 200 on Tuesday....As far as I'm concerned, at this point I'd wait for reaction to earnings (Tues).....that is, if you're thinking of a long..Don't think it could move up very much, or very quickly, here.. Don't follow the FA, but have been seeing some not-so-positive comments about earnings, competition from AMD, etc. Any little disappointment in earnings would be a good reason to go under 26.03.......Next support 25 area around July highs EDIT....I have the LT uptrend line from Oct 2002 now close to 25....and of course you're aj....not jj..Sorry

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