"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.
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