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Registered User
Joined: 10/26/2005
Posts: 238
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I am looking to go long on INTC. Any comments?
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Registered User
Joined: 3/7/2006
Posts: 244
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I'm looking to short it so I guess I'll be selling you some.
Seriously, look at that chart. It says short all over it. Everything is deteriorating.
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Registered User
Joined: 12/19/2004
Posts: 415
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I think a close below the 50 dma, would be bearish for the stock.
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Registered User
Joined: 10/26/2005
Posts: 238
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I sold half my position this afternoon for a nice profit I will let the other half ride just incase INTEL can break above October's high. Inspector62, good luck on your short position.
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Registered User
Joined: 8/12/2006
Posts: 83
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Nice Cup & Handle :- Jan 30 .. Oct 26.. Nov 14.
If it opens & stays above $22 (Tomorrow ... May be...)
One more run on the upside
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Registered User
Joined: 2/19/2005
Posts: 38
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On my basic chart, MACD is bearishly divergent at peaks and MS has gone south, and has also busted the MA50 line. BOP is tepid, TSV is falling - my guess is hello to MA200 in the near future somewhere around 19.40 or so.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I am a short term trader (semi successful), but I am attempting to learn some long term strategy..
This appears to be a good oppertunity.
My limitted view on this is as follows--
TSV 35 reached a higher level during the October highs than it did during the November high (even though the hight in November was a higher price)
Relative Strenght (Industry) Same thing.
And now it has droped below the 60 day ma, and as Mark points out, the MS is droping
It appears that this was a top and we should short at this time.(remember on Nov 9th when a possability to short was profered, but it whent the other way instead). The Relative Strenght line at that time was curving up so that might have given a clue as to the direction that it did take..
Now however, Relative Strength is curved down..
Again I am just trying to learn from those with more knowledg than I.. Any feed back would be appreciated
Thx Apsll
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Another observation if I may..
Stochastics 10,8,6 if you zoom out and look at the high peaks of stochastics for September, October, November, you will notice that they are rising to lower highs with each thrust, while the price is reaching new highs, a sure sign of a reversal. It is just my opinion but I think that there will be another half hearted attempt to rise and then there will be a sizable correction..
If you are holding I would put a stop loss just under the consolidation it is curently building
Again just my thoughts
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Registered User
Joined: 3/21/2006
Posts: 4,308
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A good example of what I am refering to (stochastics) can be found with CTHR September, November, December 2005. I actually find that this is the case in most multiple peak tops.
Would love to hear from the masters about my theories.
Dice man?
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