Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 36.91

-1.1%

3:59 PM EST

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To: Sonny McWilliams who wrote (11775)	10/20/1997 5:03:00 AM
From: W. Clinton Terry	of 27012

Sonny: Jon Tara, who every now and then reveals something of his technical analysis, mentioned this weekend that there is a tendency for stocks in the tech sector that have broken their 50 day moving average to head towards their 200 day moving average. CPQ ended slighly below its 50 day moving average. Thursday it was below it too, but did not end there. It was only fractionally below on Friday so perhaps it would be considered to be at rather than below it. Anyway, there is a lot of room down to its 200 moving average, which I believe is around 46-47. I checked AMAT and INTC and they are right down there around their 200 day moving average. That would make them good buys technically, however, if the market goes down further, it could take them with it. I certainly don't have any good crystal ball here and this week is filled with earnings reports, so with the current psychology anything could happen, especially if MSFT or IBM show some weakness either in their numbers of CCs today. I think a lot people are looking for a down day today following what happened on Black Monday, 1987. Clinton

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