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mmoy

04/09/06 12:28 PM

#3741 RE: smooth2o #3737

Technically, it looks like it's better to be neutral.
What you have right now is people buying the dips and then
getting stopped out which is what gives you your new lows.

I'd guess that there are a ton of stops at $18.75 - $18.90.
If it does get to that point, I'd expect a long red candle
on big volume. On the other hand, the decline was on low
volume.

A lot of the large up moves in Intel in the last year have
been on low or average volume which means that the moves
were suspect. And then of course, the big tank.