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Strategies & Market Trends : Tech Stock Options
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To: tony sidhu who wrote (31389)12/17/1997 12:37:00 PM
From: Arik T.G.  Read Replies (1) of 58727
 
HI Tony,
>>what is that in terms of the SOX.
I wasn't looking at the SOX, but now that you mentioned it, I did.
It looks the worst. All supports were taken out.
It can still correct to 275 at most, but the next move is 3 of 3 of 1 down. No supports.

Target T.A. price for INTC is low 50s. I do believe it is worth 60-70 but I trust T.A. more. Neckline was broken at $76 a week ago, same time SOX broke last support.

ATG
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