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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: John Harton who wrote (4811)	12/10/1998 3:26:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

John; RE:" entry points for INTC " well, thanks kudos, JohnDude - but I am just trying to keep up with Jurgen, Dolinar, Tommy, Berney, Chris... and YOU! (^_^) BTW, MRK - Merck bellwether downgrade/drop today has helped to form a pretty evening star on DRG.X - Pharma Sector Index. >Entry points for INTC..? (1) mind the gap @ ~100, as the London underground would say. (2) looking at the SOX.X - Semiconductor Sector Index, one (simplistic) accumulation strategy along strike boundaries would be: 1x109~111 2x99~101 3x94~96 4x89~91 ...and we could get fancy and sell PUTs to acquire stock. (3) Finally the magic lines (what you probably wanted to know) on my INTC chart are as follows... *FIBONACCI :* as measured from 31-AUG / 01-SEP LOW @ 71-1/4 to 08-DEC HIGH @ 120 109 / 101.5 / 96 / 83 *INTERMEDIATE-TERM UPTREND :* as drawn from close 31-AUG 71-1/4 to close 08-OCT 78-1/2 look like 90~95 area; roughly equivalent to 200d EMA and horizontal support line at ~90. *SHORT-TERM UPTRENDS :* as drawn from low & close 08-OCT to close 03-NOV and beyond (2 lines) looks like 109~116 distribution area; slope of most bullish short-term UpTrend is roughly equivalent to 14d EMA, indicating buyers at ~115. Slope of the other short-term UpTrend is roughly equivalent to 50d EMA, (which is at present around gap at ~100) indicating buyers just under 110 strike; mind that damn gap at ~100, though. *CANDLESTICKS :* on DAILY chart -- Doji Evening Star was confirmed yesterday. on WEEKLY chart -- Shooting Star forming with likely close for the week at or below ~116 (using yesterday's chart to read these) on MONTHLY chart -- UpTrend intact; very over-bought STOCH. ...so what's your / other Dude's reads on INTC ? -Steve