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

To: Alan Smithee who wrote (166737)	6/20/2002 6:06:32 PM
From: Jim McMannis	Respond to of 186894

If you're into point and figure then I'm sure you've tried other types of TA: momentum, oscillators, support- resistance, Bollingers, MA Envelopes, Candlesticks, Elliot Wave etc. so maybe you can use some of that to help with a bottom. As far as concentrated price action there is a lot of support in the 16-20 range but as usual "if" Intel gets that far down you have to stop and and look at verification in the environment. If you simply look at a long term chart of Intel you can see we are forming the right shoulder of a giant head and shoulders top and should the neckline be broken (which we are attempting to do at this very moment) then the last 5 years of gains in Intel will have been completely wiped out. The 16 and under area really offers no price action support 'till you get down to the 8-9 area and that goes all the way back to 1995-96. Jim