Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.89

-0.1%

3:59 PM EST

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To: Jeff Fox who wrote (74675)	2/26/1999 10:14:00 PM
From: Technician	Read Replies (1) of 186894

A few days ago I posted my view on INTC as being locked in a trading range of 130 - 122, with a breakdown towards 100 if interest rates went up. I now think that we are on our way there, I think in light of the fact that no buyers stepped up today coupled with a strong probability that the 30 year treasury will sell off next week in anticipation of strong economic data and the severe technical damage done today we will get to 105 -110 next week. I think that INTC would be a screaming buy at 100.

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