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

To: Jan Crawley who wrote (34328)	10/29/2000 10:53:01 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Jan, INTC has a PERFECT SHOOTING STAR, and if it gaps down tomorrow and closes negative, then it could become an ABANDONED BABY. SHOOTING STARs are reversal signals but needs confirmation. ABANDONED BABY can be interpreted as the confirmation of the SHOOTING STAR. If INTC gaps down at the morning, a fair to good play is that you should take profits tomorrow. My short-term technicals are in the OVERBOUGHT/borderline CLASS 2 SELL territory for INTC, which means that it is very close to a short-term top. Maybe a day or 2 away if it wasnt on Friday. Down the road, you still have the GAP up to 55 which has a good chance of eventually getting filled. Yes, there is also a resistance at 50, if it gets that high for this specific short-term upswing.