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 37.60

-0.6%

11:07 AM EST

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To: Sonki who wrote (12973)	11/9/1997 12:40:00 PM
From: TechnoWiz	Read Replies (2) of 27012

Sonki: If you look at a split adjusted (ie. current) Weekly chart of MSFT, you will see that there have been several consolidations or very mild corrections to the major uptrend in MSFT over the last four years. Interestingly, in '94, during a year when most stocks got beaten up, MSFT moved from 20 to 30 interspersed with 3 short 2 month mild corrections. This type of action is considered to be very bullish and is generally an early indication that great things lie ahead. From a six month base or "bull flag" for approx 6 months of '95 following this staircase type ascent in '94, the stock went from a staircase to an escalator pattern when it took off from 30 to 50. Then it consolidated in a more potent and accentuated classic ABC bull flag, with a classic intermonth double bottom which propelled it strongly to its next base level of $100. This $100 corresponded with the 1st qrtr correction of 97 which was very brief relatively. From here we made $150 and we have been in a long drawn out correction and potential basing action since then. As a general rule the longer the basing action, the longer and stronger will be the ensuing move. So if some of my ideas do in fact pan out, there is renewed justification for MSFT to move considerably higher, once it decisively moves out of this consolidation UPWARDS!! I heard somewhere that someone has already figured out that based on MSFT's investments ALREADY made in cable, they could yield as much as $4.9 Billion dollars annually based on very competitive pricing and powered by a steady migtation of users from conventional ISPs to the warpfactor hyperspeed network they want to create and control. Hope this answers your query Rgds Tec

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