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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: steve wong who wrote (18359)4/18/1999 7:54:00 PM
From: Jerry Olson  Read Replies (2) | Respond to of 34811
 
Hi Steve...

INTC....i don't like the chart...

if you read P&F...from Nov of 98 at the top X in that column, draw a line in a rounding top formation all the way over the very top X's and down to the very last O at 56...

what i see is a stock that has rolled over and down, it has now given 4 consecutive SELL signals...64-63-61 and now at 59...

i think INTC will drop to it's BSL at 50 for starters...

so i would not buy it here.....