BUT intel has nothing left on the upside...
It is now leading the sector on the downside, down another %1 despite SOX was up about %1 ...
Did you listen yesterday? Something is wrong about this stock, it is consistent and there is a stealth trend building. I have seen this countless times. Some semis tipped off almost 5 months ago....
I believe Intel waited till the new processor is out to join the club. I have a very strong feeling that Intel will fully reveal this new trend as soon as Nas go loose.
Was TT down most of the day, I was on a wireless network this afternoon maybe that was the reason.
Intel is going to 12
Started by
A-ha
, Feb 23 2007 06:37 PM
2 replies to this topic
#1
Posted 23 February 2007 - 06:37 PM
#2
Posted 23 February 2007 - 06:54 PM
I hear you that you think INTC will lead the sector down
the facts reveal:
nested bullish pennants are showing on smh weekly and monthly
a breakout move on the weekly could trigger a breakout on the monthly
monthly resistance trendline near the 50 month ema
----------
Ted Burge is also highlighting strength of SOX, and rally pause today at horizontal resistance at 492 where prior rallies have recently failed...I realize this can turn on a dime...in either direction -
http://stockcharts.c...et?obj=ID445101
the facts reveal:
nested bullish pennants are showing on smh weekly and monthly
a breakout move on the weekly could trigger a breakout on the monthly
monthly resistance trendline near the 50 month ema
----------
Ted Burge is also highlighting strength of SOX, and rally pause today at horizontal resistance at 492 where prior rallies have recently failed...I realize this can turn on a dime...in either direction -
http://stockcharts.c...et?obj=ID445101
Edited by hiker, 23 February 2007 - 06:58 PM.
#3
Posted 23 February 2007 - 07:23 PM
re: the SOX...note what Brian says about its bullish setup toward the end of the video and audio launched by clicking on the chart -
http://alphatrends.blogspot.com/
http://alphatrends.blogspot.com/