Short Term Trading Member Forum

[airedale88]

Deva, i posted on INTC...

"INTC has met the downside objectives (including after hours today) based on the nominal 40 wk cycle. there is still an 80 wk projection to the high 18's / low 21's but that should be under shot due to larger trend. as an intermediate trader i would hold off going long until the 80 wk low is in tho."
that was post #1695 on 7/13.

my other comment on INTC was post #1825 on 7/14......
"INTC is 74 weeks along from the last nominal 78/80 wk cycle low in feb 03. it should bottom with the indexes in 2 to 4 wks. it's a beautiful example of how important tracking this particular cycle is."

if i wasn't clear as far as downside targets for the 80 wk cycle it's because estimating trend larger than the cycle being tracked is always tricky. changes in fundamentals can play a role and that can't be predicted. i still think caution on INTC is warranted until the nominal 78/80 wk low is in.