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 36.78

+2.7%

Nov 26 3:59 PM EST

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To: blair holder who wrote (16433)	1/21/1998 1:01:00 AM
From: TechnoWiz	Read Replies (1) of 27012

Blair: DCTC rates about a 5 - 6 just now ie better prob of moving higher than lower. If it holds in this basing pattern and breaks out to the upside, then it would potentially indicate that a 5th higher low is in place and it would probably want to go back and test the high end of the range around $4 - $5. It has a potentially very dynamic structure especially if it does move strongly off this base. The only technical negative is the fact that it put in a fairly significant orthodox double top high and has since been in quite a sharp downtrend. This area in the $2 range where it is now, has offered previous support from which sharp rallies have been mounted. So we need to see clear evidence of similar support and repeat action begin to unfold, for this issue to remain bullish. Hope this helps rgds Wiz

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