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


To: Square_Dealings who wrote (59431)9/26/2000 3:56:57 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
michael finsterwald: INTC <----- Well today's low of 42 came within about a half point of the support trend line for the rising trading channel illustrated on my charts.

Not a bad place to gamble...<g> However, I would not be surprised if we see a retest (more of a test) of that support line after this kind of a drop.

Something to note: There is a price action cluster around the 42 price area back in Dec 99. This should be supportive as well.

Good trading...

Regards,
LG