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

To: mauser96 who wrote (39196)	11/6/1997 2:53:00 PM
From: Road Walker	Respond to of 186894

Lucius, My very humble opinion as I am anything but a TA expert, but some of the support / resistence areas, based on the volume of previous trades at those prices, I find can be helpful and accurate. If very few trades have previously taken place within a price range, there are not a lot of people with an emotional reason to buy or sell as the stock price moves through that range. If, however, a lot of trades have taken place at a certain price level, that creates emotional reasons for people to make trades to protect profits or to initiate positions that have proved to be profitable in the past. The more people trading at a specific price, the more likely the stock is to get stuck there. I don't put a lot of faith in moving averages except as good reference points, and as you said, self fullfilling prophecies. But that next support around 40 is a long way below 65. John