Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (31038)	9/25/2000 10:45:39 PM
From: dennis michael patterson	Respond to of 42787

jan, a good trader said to me tonight "this is the most persistent downtrend I have seen in years." Amen to that. I personally think Intel is head down anothe 10-12 points.

To: Jan Crawley who wrote (31038)	9/25/2000 11:09:04 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

jan, here is a good piece on intc, showing LT support at 45: community.metamarkets.com

To: Jan Crawley who wrote (31038)	9/26/2000 12:06:05 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Jan, As mentioned yesterday, INTC was in the the oversold region per my short-term technicals. Today I have a CLASS 2/ borderline CLASS 1 BUY signal on INTC, so INTC should be within 1-2 days of a bottom, if not today. On my WEEKLY charts I have a CLASS 1 BUY signal also, which implies that the bottom should be no later than next week(keep in mind that its on a weekly chart). The problem with INTC's CLASS 2/borderline CLASS 1 buy is that my short-term technicals in the NAZ/NDX are only in the midrange which implies that the NAZ/NDX has more downside potential. So will INTC remain flat or bounce if the NAZ/NDX continues to decline or will it follow the NAZ/NDX. I dont know. INTC is close to some sort of a short-term bottom in terms of time.