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

To: JRI who wrote (854)	2/23/2001 2:43:32 AM
From: StockOperator	Respond to of 52237

Absolutely. My reasoning for INTC is that it's the heavyweight in the group, besides having a chart that is closest to breaking support. There are others in the group in just as dire a position, but you have to side with the 800 pound gorilla. As far as a catalyst for a more serious drop in the NAZ overall. I think all you have to do is look at what has developed over the last couple of months. Companies are going from the most optimistic of forecasts, to not even being able to give any guidance for the next quarter. When was the last time you saw that! I think the street is being asked to fly the plane blindfolded. That to me is a recipe for disaster.