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Technology Stocks : Intel Corporation (INTC)

INTC 33.62

-4.2%

3:59 PM EST

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To: Paul Fiondella who wrote (66611)	10/14/1998 10:38:00 AM
From: Moominoid	Read Replies (2) of 186894

I was very bearish through September which didn't do me any good. I was following the 1929 and 1987 charts. I just switched to being bullish about the very short run and went long. We seem to be breaking from the 29 pattern but not neccesarily 87. Most of my stocks (apart from NSM) are up today. I think there is quite a lot of reasonable news and some TA indicators are pointing up. A little later people will realize that earnings next year are not going to rise as much as analysts are now saying and then we will take a big down swing again. When they'll think about that more seriously I don't know. In the finance sector those stocks have been totally hammered I can't see they're about to fall again by much anytime soon. The Russell index is at the beginning of 97 levels etc. etc. Germany couldn't cut rates as all the other Euro-countries are meant to cut down to their rate for the Euro coming in in 3 months. They can't shift the goal posts now. UK interest rates were outrageously high and they're not going into the Euro. David

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