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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 47.63+8.1%3:08 PM EST

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To: W. Clinton Terry who wrote (7965)8/19/1997 12:51:00 PM
From: JPR   of 27012
 
Hi Clinton:

I looked at the charts on the Big G

1:Bollinger Bands: Price at the lower Bollinger Band
That does not mean that it is a buy.
2: RSI was still falling and as of yesterday it was 25. Only when the RSI reverses direction and crosses 30 in the northerly direction, a buy signal is generated. As of yesterday it was under 30, because it was still falling. I guess that the RSI crossed 30 today, generating a buy signal.
3: Prices: 07-30-97: $98.50 Vol: 10313
08-18-97: $83.0625 Vol: 57066
08-19-97: $86.25 at about 12.01PM today VOl 3.17Mil so far.
Things look good now. But you have to wait and see how things play out.

Paul
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