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Not only is this the second island reversal within the past year, but if you run
standard fib retracements of the Dec - Feb rally, you'll see that INTC managed
to gap between the .38 retracement and .62 retracement levels. It's precisely
that area which should have provided the best support if INTC were still in a
bull market.
Earl
-----Original Message-----
From: Patrick Slevin <pslevin@xxxxxxxx>
To: petena9090@xxxxxxxxxxxxxx <petena9090@xxxxxxxxxxxxxx>
Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, March 05, 1998 7:10 PM
Subject: Re: INTEL......AGAIN
>Personally I am not a stock trader. I may never own INTC.
>
>But I get the feeling that all the news is not out on INTC.
>
>While you fellows are looking for 85 and 120, is it possible that the
>island reversal in the chart points to 65?
>
>I don't want to throw water on the party, but it seems the "Buy the Dip"
>reaction to this selloff is perhaps unwarranted.
>
>Suppose the rumor on GE earnings is true; the Dow monster will bring the
>entire party to a close.
>
>Just an opinion.
>
>--PJS
>
>Peter Namtvedt wrote:
>>
>> At 12:14 PM 3/5/98 -0500, richard tobiassen wrote:
>> >hi,
>> >i just went long again.......hoping for 120 by november, but willing to
>> >settle for 85 in the near future........any intel bulls out there
>> >?????????or bears?????????
>> >good trading
>> >rich t
>> >
>> >
>>
>> Don't see a reason why it can't be $100 by year end. Is that a great
>> return?
>>
>> Pete
>> petena9090@xxxxxxxxxxxxxx
>
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