Intel Corp (INTC)

[Saturn V]

A break of $15 would be nasty.

... Yes that is my biggest fear. The six week rally is due to the market anticipating an economic rebound. But before the market can go higher and Intel break the $16 barrier, there has to be confirmation by some leading economic indicators. So far that is lacking, and the rally is stuck in a waiting mode. A break of Intel below $15 would indicate that the market is giving up hope of an economic turnaround by year end.

If Intel can convince the market that it is going to grow despite the economy, then it can break $16 fast. If Apple announces an Intel based Tablet, or iPhone, or someone demos a killer MID device, things could change fast ! Sigh !