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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (18436)9/5/2002 11:14:33 PM
From: waverider  Read Replies (1) | Respond to of 36161
 
OK, thanks for the input. I see your lines now. Excellent.
Soooo....

I'll stick with the lower target though...I say around $6 before it is all over for Intel. Corresponds to a nice support level from 1996.

wr



To: Louis V. Lambrecht who wrote (18436)9/5/2002 11:25:36 PM
From: Little Joe  Read Replies (1) | Respond to of 36161
 
I looked at that chart after your comments and I am inclined to think the h&s you describe is the operative formation. If you extend the neck line you can see that it has acted as resistance on the rally after the breakout. The only problem is the projection is for the stock to drop to zero. Don't think that will happen but a definite short candidate.

Little joe


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