Intel Corp (INTC)

[techno_bull]

near term view of INTC....

After a few years of fighting the micro economic battle (i.e. industry fundamentals, INTC vs. AMD etc.) to move the price of INTC higher and finally starting to win that battle, it seems the game has changed on us. We are now fighting a macro economic battle to move the price higher. These total market sell offs have moved INTC down 10% or so and I'm having trouble seeing how further talk of recession, credit crisis, cost of oil, weak dollar etc. will not send the market down further (and INTC with it) in the next 3 months. So my question is this; can the strengthening fundamentals of Intel Corp. buck the macro trend that is taking the whole market down and allow INTC to remain in the $24-$26 into Q1/Q2 of next year? Or will the macro trends continue to punish INTC and take the stock another 10% lower into the $21-$23 range?