2 replies to this topic

[A-ha]

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.

[hiker]

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

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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.

[hiker]

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/