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Technology Stocks : Intel Corporation (INTC)
INTC 36.20+0.1%Dec 26 9:30 AM EST

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To: Gary105 who wrote (39325)11/7/1997 9:35:00 AM
From: Charles Skeen  Read Replies (1) of 186894
 
RE: <<<The gloom on this thread spells bottom>>>

Not likely IMO. Unlikely to see any relief from Greenspan, in view of today's tight labor report and rising interest rates overseas.

As to INTC, the chart looks awful. Minor resistance at 70 will give way easily. For those still looking for a place to go long, wait for 65-66 range. Nothing much that Andy can say today that will change this. Intel has, at least temporarily, lost control of the microprocessor market.

Charlie.
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