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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (1173)	7/18/1998 12:05:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

Papaya, don't understand your definition of a triple top. That definition is as fuzzy as LT's favorite head and shoulder. In this age of the mo-mo, these age old formation patterns carry very little weight. INTC - The key is to look for whether INTC can break through the strong resistence at 85. If the overall market especially techs is strong early next week, INTC can retest this level. If it closes higher than 85, then look out! If we don't have much strength from the overall market, INTC needs to first recede below its midline BB which by Monday should be around 80-82. If it breaks to the lower half of the BB channel, it may carry the entire semi with it lower. Its long stochastics is oversold and is riped for a fallback. Would I place a bet on INTC right now - absolutely not! Once INTC breaks through one of those levels I will be interested. The least thing I want to be in this market is to hold dead money. Talk to LT - he is always interested in dead money play <gg>.