Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Sonki who wrote (11456)	7/8/1998 10:07:00 PM
From: bobby beara	Read Replies (2) of 42787

Here is something to think about Sonki & Chris: Intel broke up big today on 30% above average volume. It slightly broke above it's downtrend line from the March high and came to rest right on the line. A break above this on high volume would confirm the failed H&S pattern and send this sucker to the moon. We could even retest or surpass the October High - imho. There has been a LOT OF bearishness on Intel, and expectations have been GREATLY lowered. Kind of reminds of the NETS four weeks ago, when I had to search hard for a bull on any of the net threads. If this does break up, all those fund managers who bailed on Intel will be panic rushing back in. We have just cleared the old highs today on the Nasdaq, I think the rally has much farther to go, and stocks like INTEL that have been left out of the rally are going to do a lot of catching up (like Dell did today) BWdIk, bb

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