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To: Trader X who wrote (12576)	3/5/1998 8:53:00 AM
From: SE	Respond to of 17305

Kevin, Looking at the INTC chart....both a 2 year and a 1 year time frame. tscn.com tscn.com Back a few months ago I thought I saw a head and shoulders top with May being the LS, Aug being the head and Nov being the RS. In fact there was a break below the right shoulder with a re-test and a drop off. However, the shoulder being at 85 in May and 83 in Nov, I thought we defeated the pattern by the run to 96. Further there appears to be an island top from the period of July to Oct. Finally the recent high now appears to be a double top formation. Questions: Did the recent run to 96 defeat the head and shoulders pattern? What does it take to call a H&S defeated ... a run above the old highs? Would it still be considered viable unless the old highs are taken out? I did not think so and thought it was done. Island tops....how much faith can be placed in them? Do you know of any measuring rule for an island top? Finally, I believe when I measured the H&S pattern the minimum measuring called for a drop to 65. If the H&S still holds, is that the current target? Is this chart instructive in terms of trying to find similar patterns in the future, or was the news a well kept secret! Thanks in advance... -Scott

To: Trader X who wrote (12576)	3/5/1998 11:07:00 AM
From: V.	Read Replies (1) \| Respond to of 17305

My, oh my!! Gotta love that CA (Computer Associates). The 9+ BILLION dollar hostile take over attempt on Computer Sciences is basically in the trash now. Wang (CA CEO) sayin' this morning that he'll now pull the offer in a couple of weeks, as Computer Sciences has rallied a major attempt to halt the take over. Shareholders seem pleased that there won't be an aquisition of this magnitude, (the biggest acquisition so far), and the stock is running. Pushing the recent resistance line at 50, big volume. Morgan Stanley just reiterated a strong buy which can't hurt. ;) The brave might want to initiate a partial position at the current levels, with the knowledge that it will probably pull back toward 48ish at least prior to moving much higher. In regard to what you've said recently, if you wait for the pullback that doesn't come, you're S.O.L...so perhaps the partial position here, pending the pullback, and then adding to the position once the direction is confirmed. It's already run up today, and with the upgrade, it will be strong, but I did want to give a heads up. I believe this is worth a look by those interested in CA. Long or short term, you will make money unless for some reason, the merger DOES go through, then there will be a retracement, probably a gap down in fact, but the gap up this morning on the news might be enough to persuade Wang to do as the shareholders wish this time around...for once. ;) News to bring y'all up to speed: biz.yahoo.com Quote: techstocks.com Chart: techstocks.com Give the butterball another kiss from Aunt V. :) xoxox, V. P.S. Just had to get on the INTC bandwagon, this am too. ;) I think it will actually be a RARE long term hold. A month, at least. tee hee hee