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

To: Fred Fahmy who wrote (50609)	3/13/1998 7:15:00 PM
From: Jim McMannis	Respond to of 186894

Fred, If I could predict the future with precision, I would buy a lotto ticket and forget stocks. However, buy applying some analysis to a chart you can do better than average. For instance, you know that 67 and change has been the intermediate term low for Intel. If that level holds in the face of repeated earnings shortfall announcements, rumors of slow downs in the computer tech sector and a major downturn in the market you might figure that is a support level. You can also use Fibbonacci retracement levels. Not that they are exact but they are lines in the sand. You can use trend lines and other trend following TA indicators. You may not get the exact low but you will get in closer to the bottom than buy just adding on the way up. You're a lot safer buying at 70 than 96 or 102...it's all about risk and maximizing profits. Jim