WAVE 3 Begins. INTC mirrors its prior cycles + indicator conf.
After earnings, many investors where disappointed with intc's performance. The stock has now undergone a recovery, though the obvious question still remains: Will the growth continue? By looking at INTC's previous wave's one can get a good picture as to the answer to the question, as wave 1 of the last cycle was 3.53 and the current cycle has a hight of 3.60. Additionally wave 2 is almost identical in both cycles. The other major indicator that we may be in the mids of a major upwave, is the MFI, which when it drops below 20 has signaled a new upwave with 100% accuracy over the last 5 years (no space to display that far back).
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