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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (28133)	1/23/2006 4:24:19 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95616

I think we are getting on the same page now with INTC. Volume precedes price. The high volume selling must over time slow allowing for a bottom to form. The most logical price for that to happen would be somewhere in the mid 19's area but there is a lot of congestion on the weekly chart in the low 20.00's so a bounce there would be probable. Any initial rally may fail leading to the lower low with positive technical divergences setting up a lasting bottom. With all the down volume recently followed by even lower lows you have a lot of new buyers that are holding losing positions. Their willingness to hold longer term is questionable based on the fact that they are already in the red. It could be a while yet before I would consider being anything more than a day trader in INTC. But this is a good one to watch for sure! Because Don is right too; Eventually INTC will trade 5, 10 or 15% higher than last Friday. I just think if we wait a while longer an excellent entry point will arrive with almost no risk to a swing trader buying near that low point. RtS