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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (120306)12/2/2000 11:56:47 PM
From: techtonicbull  Read Replies (1) | Respond to of 186894
 
It looks like the NAZ will test 2500 next week. I agree that we had a "dead cat bounce" Friday or you might call it a "bear trap"

I think INTC will test $30 next week. I will be a buyer at $28.

I will be a big index buyer of the NAZ if the NASDAQ reaches 2450 next week.

Things which lead me to believe this will occur are:

Margin selling will be a big factor;
Bearish momentum causing sell on strength mentality;
Presidential indecision gets worse
No indication of Fed's movements
Negative announcements somewhere in techland.