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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (13721)	3/2/2004 1:42:37 PM
From: Chip McVickar	Respond to of 207807

Today markets should close strong....? INTC has the same ragged pattern of bars that just aren't clean enough to be a buy wiggle. The chart shows an almost closed gap [0.02]... which is positive and which was also a 0.75 retrace... so price looks to have a chance at basing. It's on the blue median line which will repel price away from it in some direction shortly. It's weak price relative to the DJIA, but this could be positive as well. IMO... until the price closes and holds above the 34ema it's a weak chart and a weak move higher... but that's a friendly opinion... and FWIW... so make your own trades....! stockcharts.com[h,a]daoaniay[dc][pc34!f][vc60][ilc20!lf!lg!lb14!ld20!lh14,3!la9,21,6][J11675026,Y]&pref=G