Friday, November 21, 2014

Best case C wave finish for [INTC]

Whether or not I bother to post it, I am always doing "what could go wrong" analysis with my current models.  In the case of Intel, what I labeled before as A could in fact be 3 of A and then 4 of A and then 5 of A @$38.40.  In this case "b" would be @$33.

In addition, the current wave set could turn out to be a 1-2-1-2-3-4-5-3-4-5 series given that this is a C wave.  The final wave could go up as high as $40.40.  This is not my primary count and we will likely know the truth about it on Monday.  If it continues to climb like that I will be buying more puts on it because when it goes down I expect it to go down hard.


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