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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (21825)	8/2/1999 7:26:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Bobby, as i have posted on the myth thread, INTC is one of the "must haves" i shorted today. there is a clear five waves-up structure on low volume from the june 1 low, and WS touting of INTC has just about run it's course imo. to think that it was hit by 4 or 5 DOWNGRADES when it was in the 50-55 area! now the anals are falling over each other touting the stock since it is back attacking new highs. i figure though, if there is reason to sell MSFT, there seems to be NO good reason to buy INTC, in spite of the breakout to new highs. if this fifth wave extends a bit further, i will sit it out. buy low, sell high. hb