INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: Jurgen Trautmann who wrote (3716)	8/29/1998 1:45:00 PM
From: MonsieurGonzo	Read Replies (3) of 11051

JT; RE:" far (downside) targets " >We made a big step down to my pronouced target of 7000... good grief, Jury, we are over-sold on every chart I've got ! FWIW, I've got a technical support and possible bounce up from near target ~7935, and the far target ~7400. This 'far target' is approximately equal to the expected decline from the 'Head & Shoulders' pattern that Berney identified. It is also the area where many of my chart lines indicate a baseline reference. ~7000 is the October-97 'Bloody Halloween' selloff reference. After that is a vaguely defined, fibonacci area around 6150-6300. Scientists speculate that this may be the first evidence of a Black Hole - but confirmation awaits the launch of newer, more powerful telescopes (^_^) -Steve

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