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

To: Gary Burton who wrote (56405)	5/30/1998 9:14:00 PM
From: John Rowton	Respond to of 186894

I agree totally, if it breaks 70, I would not rush in especially if the market is shaky, last time it busted 70 for a short time, it struggled and then recovered, this time it may be a true head and shoulders.

To: Gary Burton who wrote (56405)	5/31/1998 4:03:00 PM
From: Francis Chow	Read Replies (1) \| Respond to of 186894

<TA wise--there is an ominous Head and Shoulders top in place that counts down to the hi 40's as the ultimate destination> When I first started investing I thought TA was a bunch of cr*p. Now I'm not so sure. So I've been reading up on TA. I agree with the H&S pattern for Intel. Some of the TA articles on the H&S pattern suggest that once the neckline is breached, there is often a rally back to the neckline before the final fall. I identify Intel's neckline as $70 (do you agree?). Based on TA it should fall to around 60, recover to around 70, then fall to the high 40's. We'll see if this actually happens . . . (but that still doesn't explain why these patterns recur in stocks).