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Friday, 08/13/2004 10:20:34 AM

Friday, August 13, 2004 10:20:34 AM

Post# of 396422
INTC Technical Update

Hi !

This is only a short update to my last technical analysis…

INTC broke the descending support yesterday, and today’s highs are a re-test to that same support, giving some strength to the break point level (21.60).

I’ve updated my technical chart, and now I’ve projected a 20.25 short term price target, having in mind the last trading range, done after the big gap down.

Watch my Technical Chart updates here:
http://globalspeculators.com/trading_futures/index.php?topic=25.0

Momentum is slightly oversold, but with no price divergences.

Best regards,

Jesse Livermore
http://globalspeculators.com

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