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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?

To: Judy Muldawer who wrote (3341)	7/21/1998 8:41:00 PM
From: Daveyk	Read Replies (1) \| Respond to of 4142

Hi Judy,INTC chart looks like a rounded top.Tough call with all the gaps but if so that would be bearish.At the same time Macd is turning up;bullish,slow stochastics show overbought,OBV has been negative since October but Moneyflow has just recently turned positive.Tough call;I wouldn't buy it here as it appears to be in a bearish trend.Being as they beat it down last Christmas maybe the opposite this year?Chart shows a succession of lower highs and lower lows but this is INTC and 5 years from now it may look like a great base from which they exploded out of.Short term things look bad,sorry.Longer time frames smooth things out alot and keep in mind I only viewed a 1 year chart and I'm no expert. Regards,Dave