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Technology Stocks : INTEL TRADER
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To: Berney who wrote (1787)1/20/1998 9:25:00 AM
From: MonsieurGonzo  Read Replies (1) of 11051
 
Berney; RE:" INTC "

The Geocities chart is interesting. The red line doesn't seem
to have a bottom within our present view. Obviously, with your buy
points you don't see it this way. Why not ?

...INTC busted out of it's acute DownTrend when it surpassed 73-1/2 right at the beginning of the new year. It messed around there, as expected when such things happen. Last Monday INTC defined the low point of it's current, short-term UpTrend at ~70-7/8. There is yet another intermediate DownTrend channel that INTC kissed the top of at 77-1/4 on Tuesday. I don't expect INTC to broach ~71 again, and consider anything around 73.563 +/- 1.813 an opportunity to accumulate Long-Term shares, with a reasonable 12-month target of ~92.

-Steve
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