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

To: Olu Emuleomo who wrote (57122)6/4/1998 12:20:00 PM
From: Darren  Respond to of 186894
 
IMHO, I think it is suicidal to avg down on INTC right now. This stock has been in a steady downtrend (with a few sucker rallies) since it peaked at $102 months ago. I did a 5 year chart of INTC and was surprised to see a classic head and shoulders formation. I wont be surprised to see it trade below $60 before the end of July.

It would be more interesting if this was a head and shoulders on a 3 year chart. Chip industry is based on three year cycles(+/-).


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