Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 43.30

-0.4%

9:32 AM EST

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To: Ibexx who wrote (46739)	1/30/1998 9:12:00 AM
From: Rarebird	Read Replies (2) of 186894

Interesting Day to Unfold: It's Friday, and the market and Intel have been up strong this week. Do we get the usual profit taking in the afternoon? Or do we get further confirmation from the S@P, Nasdaq, and High Tech, that the most recent move is the beginning of an breakout? I lean to the latter scenario and think Intel will have no problem reaching the $85-$87 level short term before it pauses for a few weeks on its way to the old highs at 102. A Nasdaq close above 1650 is extremely bullish and means that it ( and Intel ) will challenge its old highs sooner than later.

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