[INTC] update

At the backlink I provided the chart below.

 

 Below is actual.  If red 1 is true then Intel will begin wave 3 down before the broader markets do and that seems questionable.  So perhaps blue 4' is the correct count instead of red 2.  I don't know and with EW I don't care.  All I need to know is that Intel will likely find resistance @30.50  And then head down below the late August swoon.  At that point it will have to decided if it is taking the blue or the red paths.  I can make no good assumptions about which it will likely be until we see how the data looks when this falls, if it in fact falls (80% odds that it will fall per the red line).