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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Stephen McCullough who wrote (13646)	3/5/1998 2:41:00 AM
From: DanZ	Read Replies (2) of 53068

INTC, DIGI, market in general. Steve, There is a certain coupling between the overall market and a company as influential as INTC. However, I think the coupling is more psychological than anything else. Intel's announcement of slowing PC demand shouldn't have any implications to the bottom line of a company like DSC whose business isn't related to the demand for personal computers. However, if INTC is down 10% most technology stocks will get pushed down simply from a lack of bids if nothing else. FWIW, here's my read on the INTC chart. The stock has support from the lower daily bollinger band at 76 and more support between 70 and 71. It also has support on the weekly chart at 67. I think it is likely that the stock will test the 70 area tomorrow which I believe is a good place to buy it. The news from Intel will likely knock many stocks down to support which will present good buying opportunities. DIGI has support on the weekly chart at about 17 and I wouldn't get too worried about it unless it trades below that. Best of luck to you and everyone tomorrow. The day will probably test our nerves. Dan

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