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To: Terry Whitman who wrote (52808)	7/22/1999 9:33:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

in fact, INTC has been spared so far and sold off very little. on a longer term daily chart an H&S is visible. the neckline broke today when INTC went through 64 1/2. it either reverses pronto to make it a failed pattern, or it's going to revisit recent lows in the 50-55 area at least. not to forget it recently missed earnings estimates and then went up on vague promises of a better second half. as Dan Niles has pointed out, INTC management forecasts have a tendency not to come true, so why should this time be different? hb