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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: Hawk who wrote (47110)2/4/1998 12:11:00 AM
From: Ms. X  Read Replies (2) of 186894
 
Hi Hawk,
Point and Figure doesn't measure a time frame. Usually time frames come from the fundamental side of things. I only do technical. What I measure is the momentum being built up in the stock.
Usually, rotation in sectors take approx 1 year. Semi's just reversed up last month giving Intel the strength and upward movement we have seen lately. If the rotation is one year I would assume Intel would hit that price range (117) within that time. I also wouldn't be surprised if it did it sooner.
I do expect Intel to pullback at some point soon. Pullbacks are good. They provide a great buying opportunity.

All the best,

Jan
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