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

To: Paul Fiondella who wrote (43968)	1/5/1998 3:30:00 PM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Paul, re: "Have you bought any lately?" Yes. re: "This is my last post on this thread", exchange2000.com If you are as committed to your investment decisions, it might explain why you don't understand the long term perspective of most of the folks on this thread. John

To: Paul Fiondella who wrote (43968)	1/5/1998 4:06:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 186894

"the stock keeps meeting resistance as it approaches 75" Not sure what chart you are looking at. "keeps meeting resistance" implies multiple attempts. INTC touched or came close to 75 twice today, intraday. This, to me, proves nothing about resistance. I do agree, however, that based on the recent historical prices, we can expect some resistance around 75. Conversely, I expect that resistance to become support once surmounted. INTC is short-term overbought right now, and it is probably unrealistic to expect it to break through immediately. By "short-term" I DO mean SHORT term (I use a proprietary indicator that I apply to 1-hour bars) - next day or two. Using more traditional overbought/oversold indicators, INTC is still far from over-bought.