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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: margaret tasset who wrote (14090)	12/7/1997 7:11:00 AM
From: JPR	Read Replies (3) \| Respond to of 27012

Margaret, Stonehenge and thread: I have a large position in INTC. I am closely watching the INTC technicals. A buy signal was generated in the last few days. I put that note to elicit opinions from the thread. The $60.00 bottom is not supported by the technicals. Looking at the Wilder's smoothing, INTC reached a plateau from late August to mid October. Since Oct 97 to early Dec it has been on a descent. It appears from the Wilder's smoothing that the descent has levelled off in the upper 70s. A buy signal has been generated in the beginning of Dec 97. It appears that there was a congestion from late october to beginning of Dec 97. It is take-off time for INTC. Any opinions. Paul