Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.72

+3.0%

Jan 14 3:59 PM EST

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To: William H Huebl who wrote (9889)	2/2/1997 3:25:00 PM
From: kas1	of 186894

>From a technical standpoint, many of the tech stocks like Intel and >including the NASDAQ composite is at or has exceed the Raff >channel for the stock and index. >What does this mean??? Gilbert Raff invented this charting >technique where you lay in the least square line and then put two >equidistant parallel lines above and below it corresponding to the No offense to you or to Gilbert Raff, but that sounds like a very ineffective technique. This means that you expect all stocks to rise in a more-or-less linear fashion, no? And that any stock that exceeds this linear "channel" is bound for a correction? I can think of lots of tech stocks which rose in a more-than-linear (ie, roughly exponential) fashion, and just kept on chugging. Can you tell me of some applicable examples (with tech stocks) where Raff's technique predicted a correction and it did/didn't happen? On a slightly more theoretical level, this sounds like a good technique for stocks where the least-square line lies close to the actual chart. But I think that if we were to lay the least-square line for intc, it wouldn't look like intc's chart at all.

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