Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: ZSCRAPER who wrote (12291)	7/29/1998 11:54:00 PM
From: LastShadow	Read Replies (3) of 120523

INTC Well iot above the upper Bollinger Band and above the 85% 39 period stochastic (where it tends to peak and reverse), and has shown two days of distrubution and substantially dropping Williams %R. Most importantly, its well above the simple moving average, and since its one of the few large tech stocks for which that is meaningful, I wouldn't enter it right now. If it stays above 83 the last 60 day trend will be sustained, but that would surprise me. The price envelope is between 75 and 92, so with the SMA at around 78, I would wait to enter. Its not close enough to the upper price envelope to recommend shorting, but any downward pressure taking it below 83 might make a good 5 point short. FWIW, the net says to sell but not short also. lastshadow

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