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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (2339)	4/14/1998 3:55:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34811

Hi Jerry, looking at INTC we have RS sell in a column of O's with a double bottom sell on 4-7, lots of support in the 71 to 75 area. Would take a move to 80 for a new buy signal or a move to 70 for another sell, which would be a triple bottom and not good. No clear direction, a little up and a little more down. My opinion is that INTC is a deal in the low 70's and it will go back up, only a question of time... how much time and is there something else out there giving clearer signals with a closer return? Only my thoughts Later Preston

To: Jerry Olson who wrote (2339)	4/14/1998 4:45:00 PM
From: Ben Antanaitis	Respond to of 34811

Jerry, Just got back from the store. INTC seems to have 'met' expectations and is trading up 3/4 on instanet. But, the EZ-PnF chart has not changed from when it was posted Sunday night. It may tomorrow, but they all will. From the current EZ-PnF chart, INTC is in a bearish overall trading channel. It currently has just given a 'sell' signal. Support point at 70. A 'buy' signal is generated at 80 5/16. Upside resistance points at 77.25, 84, and the overall bearish trading channel resistance line/point is at 90.5. Ben A. pipeline.com