Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.97

-1.2%

11:52 AM EST

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To: Len Roselli who wrote (68176)	11/10/1998 10:34:00 AM
From: Jim McMannis	Read Replies (1) of 186894

Len, RE:"I recall Ralph Acampora saying a few months back that Intel would have trouble crossing the 96.5 (technical) barrier. Now that it has done it, what does technical analysis predict?" ---- It suggests that 96 will become support and Intel will move higher from there. How far? Some seem to over-rate the predictive power of TA. Not me. I establish overbought and oversold levels and in the case of overbought I have to make a decision to get out or not. These levels are reached after extended drops or runups so usually there is a profit or an entry point. Right now Intel is bumping up against an "overbought" condition at 98 1/8. This will move up. Jim

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