Thursday, November 13, 2014

Quick [INTC] update

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.


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