intel

the second leg of the rally since march has been fuelled by the earnings of intel in july..........................which means to me that intel is a market leader more than apple and google which for sure can show an amplification of the market behaviour, but are less reliable in pushing the market itself wherever it wants to go, imo. Markets broke up in july in synch with intel. So I look at intel to get an overall picture of the indexes. The july break out of intel was the last act of a running correction which lasted from the end of march till early july, but now what is intel saying ? Intel is drawing a large megaphone or broadening top pattern which is not very promising for markets. OK it can spike to 22 or above if it wants, but the larger picture says we are close to the end of the rally. The sox looks like beginning a head and shoulder while the other indexes seem to be holding very well. The precursors are getting weaker while the troup still feels strong.

the second leg of the rally since march has been fuelled by the earnings of intel in july..........................which means to me that intel is a market leader more than apple and google which for sure can show an amplification of the market behaviour, but are less reliable in pushing the market itself wherever it wants to go, imo. Markets broke up in july in synch with intel. So I look at intel to get an overall picture of the indexes. The july break out of intel was the last act of a running correction which lasted from the end of march till early july, but now what is intel saying ? Intel is drawing a large megaphone or broadening top pattern which is not very promising for markets. OK it can spike to 22 or above if it wants, but the larger picture says we are close to the end of the rally. The sox looks like beginning a head and shoulder while the other indexes seem to be holding very well. The precursors are getting weaker while the troup still feels strong.

ONE WORD equals a profitable Intel profitable trade ....... STRADDLE!

the second leg of the rally since march has been fuelled by the earnings of intel in july..........................which means to me that intel is a market leader more than apple and google which for sure can show an amplification of the market behaviour, but are less reliable in pushing the market itself wherever it wants to go, imo. Markets broke up in july in synch with intel. So I look at intel to get an overall picture of the indexes. The july break out of intel was the last act of a running correction which lasted from the end of march till early july, but now what is intel saying ? Intel is drawing a large megaphone or broadening top pattern which is not very promising for markets. OK it can spike to 22 or above if it wants, but the larger picture says we are close to the end of the rally. The sox looks like beginning a head and shoulder while the other indexes seem to be holding very well. The precursors are getting weaker while the troup still feels strong.

Hi,i agree with your outlook for the most part.
what i wanted to comment on is that RUNNING CORRECTION you observed.i trade idividual stocks and have seen quite a few of these
in this strong upmove we had in 2009.
My observations: after a strong upmove the move slows,but still up and does an ABC within a perfect parallel channel.upon breaking
out of the channel to the upside [BUY!] you get the same move as you had before the ABC. same strenght same distance.
a recent example:ALK,running abc end of august till end of october,then 10 pts and still going.

good luck, pisces.

the second leg of the rally since march has been fuelled by the earnings of intel in july..........................which means to me that intel is a market leader more than apple and google which for sure can show an amplification of the market behaviour, but are less reliable in pushing the market itself wherever it wants to go, imo. Markets broke up in july in synch with intel. So I look at intel to get an overall picture of the indexes. The july break out of intel was the last act of a running correction which lasted from the end of march till early july, but now what is intel saying ? Intel is drawing a large megaphone or broadening top pattern which is not very promising for markets. OK it can spike to 22 or above if it wants, but the larger picture says we are close to the end of the rally. The sox looks like beginning a head and shoulder while the other indexes seem to be holding very well. The precursors are getting weaker while the troup still feels strong.

ONE WORD equals a profitable Intel profitable trade ....... STRADDLE!

INTC seems indeed to be at crossroads

TSMC hiring over 3,000 people this year; engineers in demand


IDG News Service - Taiwan Semiconductor Manufacturing (TSMC) plans to hire more than 3,000 people this year as it expands chip production capacity and develops advanced new manufacturing technologies, the company said Thursday.

The world's largest contract chip maker said it "is most eager for" chip production engineers and researchers. The company's recruitment drive begins Friday.

TSMC is considered a technology industry bellwether for its size and the range of devices for which it makes chips. Its new hiring plan indicates the global technology industry continues to recover from the global recession, which caused widespread layoffs in 2009.

http://www.computerw...lyam_2010-01-14

the second leg of the rally since march has been fuelled by the earnings of intel in july..........................which means to me that intel is a market leader more than apple and google which for sure can show an amplification of the market behaviour, but are less reliable in pushing the market itself wherever it wants to go, imo. Markets broke up in july in synch with intel. So I look at intel to get an overall picture of the indexes. The july break out of intel was the last act of a running correction which lasted from the end of march till early july, but now what is intel saying ? Intel is drawing a large megaphone or broadening top pattern which is not very promising for markets. OK it can spike to 22 or above if it wants, but the larger picture says we are close to the end of the rally. The sox looks like beginning a head and shoulder while the other indexes seem to be holding very well. The precursors are getting weaker while the troup still feels strong.

ONE WORD equals a profitable Intel profitable trade ....... STRADDLE!

INTC seems indeed to be at crossroads

Needs to re-test 12 for the cycle to be complete (we are completing 4 of C) in the long term Elliot wave count , and a new Buffalo market gets going...we are now in a camel market ( a few humps)...


GS.

the second leg of the rally since march has been fuelled by the earnings of intel in july..........................which means to me that intel is a market leader more than apple and google which for sure can show an amplification of the market behaviour, but are less reliable in pushing the market itself wherever it wants to go, imo. Markets broke up in july in synch with intel. So I look at intel to get an overall picture of the indexes. The july break out of intel was the last act of a running correction which lasted from the end of march till early july, but now what is intel saying ? Intel is drawing a large megaphone or broadening top pattern which is not very promising for markets. OK it can spike to 22 or above if it wants, but the larger picture says we are close to the end of the rally. The sox looks like beginning a head and shoulder while the other indexes seem to be holding very well. The precursors are getting weaker while the troup still feels strong.

ONE WORD equals a profitable Intel profitable trade ....... STRADDLE!

INTC seems indeed to be at crossroads

Needs to re-test 12 for the cycle to be complete (we are completing 4 of C) in the long term Elliot wave count , and a new Buffalo market gets going...we are now in a camel market ( a few humps)...


GS.

Is there not a rule that states that wave 4 cannot overlap with wave 1. Where do you put 1 and 4 of C?