Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.76

+2.7%

9:36 AM EST

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To: Road Walker who wrote (47000)	2/2/1998 11:29:00 PM
From: Rarebird	Read Replies (3) of 186894

John, I'm always cautious. My first rule of investing is not to lose big. But a strong technical buy signal has been issued on the Nasdaq and Nasdaq 100 ( including Intel ) today! This rally is for real and has some legs to it. Volume has been very strong on the NYSE and major resistance at 1650 has been taken out on the NASDAQ. I see the Nasdaq and Dow testing its old highs and taking them out by the end of the month. This is NOT a Bull trap. I expect Intel to meet some major resistance at the $85-87 level, take a breather and consolidate for a few weeks before it makes an assault on its old highs at around $100. For the test to be successful and to reach new highs volume must expand here. I'm not satisfied with 14-18M share days at present.I continue to be very bullish on large cap semi and semi-equip companies.

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