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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (31392)	12/17/1997 12:43:00 PM
From: Muizz M. Kheraj	Read Replies (2) \| Respond to of 58727

Arik, I think you're dead wrong with your read on Intel there. It is holding solid support at 71. Yes, it is wavering currently, and did slip below a few days ago, but I think what we're seeing here is Institutional Accumulation. I think we see 80 before the end of the year and 100 by June 1998. The Nasdaq itself held onto key support on Monday at 1525... I see nothing that leads me to believe that we are headed back to break that support level. Rather, I think once the accumulation has been made, we will head north to break resistance at 1650. Muizz