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Strategies & Market Trends : Classic TA Workplace

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To: robert b furman who wrote (132063)	4/23/2006 3:29:14 PM
From: Henry J Costanzo	Read Replies (2) of 209892

robert b...... FWIW I'm still way out on that limb saying the SOX is on its way to 715......sigh. And it's still within the power of BRCM and MRVL, I think, to take it there. INTC doesn't count for s--- in that.... We have some bottom-fishers on this thread looking for INTC to move up right now.....Could be....If we break the 50dSMA here, with some volume, and also count that as a break of a DT line from Jan, then maybe INTC can make its way up to as high as 23/24....the 200dSMA....But I don't see enough ammo to take it any further than that in a looong spell.... Too many interesting spots in the market to waste any time with that doggo !! ONE of which "interesting spots", btw, might just be the HPQ you mentioned.....which has been giving an excellent account of itself for a long time now,.......Wouldn't take a hell of a lot for HPQ to make a new high here...moving from 33 now to 34.50......AND that could break a NICE rectangle with enough punch to get to 37/38ish......

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