[INTC] update - complete model reset

The model from the backlink is busted.  But the new model is even more bearish.  The new model shows the shares bouncing up from the inverted H+S that I said was possible but look at the new count.  Everything down into Aug 2015 was not 3 of 1 down but rather the whole enchilada wave 1.  We clearly have a perfect a-b-c wave 2 working right here and it is within 1-2 days of peaking.  It has bounced to about the level of the prior 4th in 3 waves.  This is not bullish.  Intel shares will be testing $20 most likely by the first of the year.



When a player in a volatile sector like tech finishes a 2nd wave of this degree and is ready for 3 or C down, it is always a good gamble to buy puts.  In fact, I am becoming of the mind that the ONLY good time to buy any kind of options is if you think you are about to enter a 3rd degree.
 
The July 2016 $20 puts are .20, .24, .22 bid, ask, last respectively.