This next move down for Intel should be a doozy in percentage terms. I think $20-$21 is likely by the end of October. I will be selling my Intel puts into this expected collapse should this model turn out to be correct.
Wednesday, September 9, 2015
[INTC] update
The model from the backlink is below left, current is below right. The right hand time scale is zoomed but I tried to have the price scales as close as possible between the two charts. That who last little rise in the model shown left is scarily similar to the actual in the right. It shows a gap up and then a J shaped unicorn horn type peak as if the chart knew it had to go up there but sure as heck didn't plan to remain there for long.
This next move down for Intel should be a doozy in percentage terms. I think $20-$21 is likely by the end of October. I will be selling my Intel puts into this expected collapse should this model turn out to be correct.
This next move down for Intel should be a doozy in percentage terms. I think $20-$21 is likely by the end of October. I will be selling my Intel puts into this expected collapse should this model turn out to be correct.
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