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Politics : Idea Of The Day
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To: Joe S Pack who wrote (7538)8/22/1997 9:15:00 AM
From: donald sew   of 50167
 
Karun,

I think you may be right. Just also heard them commennt that 2 major analysts(one was Kurlak and the other I dont remember), one from MERRIL and the other I believe was either Morgan or Prudential were saying opposite things. One downgraded INTC and the other has a price target for INTC of $120.

As for how low???? Besides the various resistance lines set up, I have to go back to my earlier beliefs of the DELAYED DIP, which many refer to as the double bottom, meaning that it will go as low as the previous low. I feel that such would be the most major test so far, if we start approaching that level.
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