Hi guys,
We are saw a significant price drop in major stock indexes like nasdaq, S&P and dow jones. Many people are preparing to short these stocks (which could be a viable option), but elliot wave suggests this might be only a temporary opportunity as the market is likely to rebound and make a new top before a lasting drop.
This chart can be viewed as a signal for buyers to wait for a potencial drop of intel from 52 to 46-48 and establish a net long position. In the long term intel might reach its previous dot-com hight of about 80-80 usd.
good luck,
BeatingWS
We are saw a significant price drop in major stock indexes like nasdaq, S&P and dow jones. Many people are preparing to short these stocks (which could be a viable option), but elliot wave suggests this might be only a temporary opportunity as the market is likely to rebound and make a new top before a lasting drop.
This chart can be viewed as a signal for buyers to wait for a potencial drop of intel from 52 to 46-48 and establish a net long position. In the long term intel might reach its previous dot-com hight of about 80-80 usd.
good luck,
BeatingWS
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.