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Technology Stocks : Intel Corporation (INTC)

INTC 35.79

-5.5%

3:37 PM EST

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To: Tony Viola who wrote (61782)	8/4/1998 5:10:00 PM
From: Dale J.	Read Replies (1) of 186894

Tony, Ralph A. just yesterday was Bullish and said he was expecting a Blue Chip Rally. He then canceled it after the Dow Droped over 100 pts. Now he is Bearish. In other words. He seems to be a momentum player. He did manage to exacerbate today's selling though. Oh well, I think this latest selloff is healthy and it will set up the next big rally. JMO From Briefing.com Ralph Acampora says...: today's market woes seem to have started after Prudential Securities' technical analyst Ralph Acampora said that the Dow Jones average could experience 15-20% correction from recent record highs; he thinks that if the Dow closes below its June 1998 closing low of 8627.93, the Dow could drop as much as 20% from this year's high; a 15% decline would bring the Dow to 7937, while 20% drop would leave the index at 7470..... Dale

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