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Technology Stocks : Intel Corporation (INTC)
INTC 48.76-1.0%10:26 AM EST

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To: jack c rains who wrote (6996)1/1/1997 7:23:00 PM
From: Armando Cardenas   of 186894
 
Jack: I wish you and All a Prosperous, Profitable and Productive (PPP) 1997. I am trying to visualize the triangle and its implications. I assume that the three points of the triangle you are talking about are: A=141 « on 12/11, B=138 3/4 on 12/19 and the bottom C=130 7/8 on 12/17 or may be on 12/30.
Today the Library is closed and I misplaced a book I use to have on chart analysis. I am lost. What are the implications of a triangle of this nature? Is it that if INTC does not go lower than the bottom it may break towards the top? Does it make any difference if the bottom is on 12/17 or on 12/30??? or 12/31?
Keep cool you All, Armando
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