Here is my prior post on Intel. I modeled that it had peaked in an expanding wedge. Right after that it began to plummet. Then during the recent massive rally, Intel could not achieve a higher high and is now left with a top spike (unicorn horn). While we don't know if the recent bull market continuation wave is over, so far at least INTC has a DDT whereas the $COMPX made a higher high. This is bearish divergence. When Intel begins to head back down it will be in a 3rd wave. It will be quick and it will be ugly.
Thursday, November 13, 2014
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