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


To: Paul Engel who wrote (49129)3/2/1998 12:58:00 AM
From: Tony B  Read Replies (3) | Respond to of 186894
 
To all, from a lurker.

Forgive me if this has already been discussed here but has anyone noticed the head and shoulders formation INTC is trying to form?

techstocks.com

It looks like it will drop to the neck line at 83-84 before forming the right shoulder. After the H&S is complete it should run up to near it's 52 high of ~102 which should occur during Q1 earnings season. Needless to say, I am currently in puts.

Then again, what do I know <ggg>

Good luck
TB