Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Investor A who wrote (23519)	9/30/1997 2:56:00 PM
From: Richard Wang	of 1582955

To: Investor A (23519 ) From: Richard Wang Sep 26 1997 3:42PM EST Reply #23523 of 23680 >>INTC has dropped off its 50MA yesterday > Actually the 50 DMA has been moving up to meet INTC, not good. > But the chart doesn't look too bad, yet. INTC has now met, then dropped below its 50D MA, and its chart is looking worse after it hit 92 today. A head-and-shoulder may be forming, which might take INTC to close to 85. We are not hearing too much from the pious ones who make it so. That means they are back in the House of Intel getting worried, with no eagerness to show their faces here, afraid they might embarrass themselves. This contrary indicator has turned moderately bullish for INTC. When INTC gets below 90, and the faithfuls do not visit here at all, that will be very bullish for INTC. Richard

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