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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Rocky Reid who wrote (43464)	1/14/1998 8:14:00 PM
From: FuzzFace	Read Replies (1) \| Respond to of 58324

OT to Rocky re INTC Sorry Rocky, INTC seems doomed every which way I look at it. Go to equis.com and enter INTC in the symbol and in the lower right, select weekly. You'll see an even clearer picture of where INTC is going. Note the classic signs of the H&S formation. Left shoulder in May '97 on high volume, head in Aug-Oct on lower volume, drop in late Oct on higher volume to neckline below left shoulder, and finally, low volume in Nov recovery. If you draw the neckline, 67 seems to be the support level to watch. If you give it 3% play room (it is INTC, and so deserves that much) then you should set your stop-loss at 65. Minimum drop from the neckline is the same number of points from top of head to neckline, say 33. So the classic interpretation is, if it breaks below 65, INTC has an 80% probability of going to the low 30's. You heard it here first.