Dimension, problem is I can't log in to Stockcharts (not a member). Tried the refresh button and I still can't get the chart.
Somewhat loathe to to share my personal TA thoughts as I mostly lurk here due to my lack of equality with board members; however, for what it's worth, this week I finally saw the blow-off volume I was looking for on the recent downtrend on INTC in conjunction with short term oversold conditions on several oscillators I use, and also, the puts/calls ratio at 22.50 on INTC is approximately 3/1; indicating good support for the stock here (longs hedging with puts). And finally, basically know zilch about Elliot Wave, but Neely says that wave-4 is often the most complex and time-consuming (a real pain in the a--, if you ask this short term put buyer) and can frequently retrace as much as 50-61.8% of wave-3. Based on this, I suppose an argument can be made that what we are seeing is the possible completion of an extremely complex wave-4 and the beginning of wave-5? On extremely unsure footing here.
Mr. Cash, thank you for your response also. I will await Airedale's, reply.
Deva
