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Technology Stocks : Intel Corporation (INTC)
INTC 35.75+3.6%Nov 24 3:59 PM EST

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To: Jim McMannis who wrote (47099)2/3/1998 9:41:00 PM
From: Ms. X  Read Replies (1) of 186894
 
Hi everyone,
I'm new to this thread. Popped over from the point and figure bunch.

Thought I would add a note on Intel.
This may not mean much to those who don't follow point and figure TA but to those who do...
The relative strength reversed up today. Excellent! Not only that, it broke a very long spread double top at 87. Next area of resistance is 95. The daily and weekly momentums are positive.
Vertical count is somewhat incomplete but it looks like Intel has momentum to move to 117.
The momentum on the semiconductor sector is high and the sector itself is in great position.
If Intel pulls back any I'm buying more.

All the best,

Jan
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