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Technology Stocks : Intel Corporation (INTC)
INTC 48.03+1.6%1:39 PM EST

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To: William H Huebl who wrote (9912)2/2/1997 8:47:00 PM
From: kas1   of 186894
 
>I can only go out about 2 years before the upper channel angle >begins to increase at a great rate. Up until that time, the channel limit >is around 200 and narrows to 170 at 3 months length.

That's another weakness of this Raff stuff: what time-frame is best to use? Clearly, if we go back far enough in time, we can find data to support (almost) any current price for Intel. If going 2 yrs back gives you a current limit of 200, what would you get if you went back to 1986?

As for your eyeball analysis of the trendlines... it's an eyeball analysis. :-) Least-squares lines are one of those things that can be drawn about a billion different (incorrect) ways by eyeballing it, and without a computer, you don't really know which one is really the best.

And anyway, I've never been a big fan of tech analysis. But thanks for the insights anyway! What does Raff tell us about the other major tech stocks, btw? (I'm assuming you've already done the work)

Thanks.
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