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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (11565)	2/13/2001 2:33:10 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 12039

Well, update on INTC - after waiting, waiting, waiting, its broken the inside bar to the downside now, after a little poke to the upside earlier in the day. We could be charitable and say it could go anywhere, but to use Fed Speak, I'd say the balance of risks are mainly oriented to further declines in this stock. Tomorrow will be the real test, I think. If it could move up higher on noticable volume, then that would be a real positive. But myself, I would not be wanting to trade this long until the picture clears considerably. (lets see if the Sandwich Indicator works on intel. More later.)