Friday, July 31, 2015

[INTC] update

In the backlink I provided this model which probably seemed very counter-intuitive to legacy TAers.  After all, the H+S neckline had been broken down and this call required the neckline to be re-taken.

But the wave count trumps all it seems from the current snapshot below.  I count A and B of this retracement to be complete.  Next week it should move up as indicated into C before reversing hard back down to rebreak the neckline and send the clear technical signal that sellers are in charge of the direction of Intel shares.

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