sunriselmi

sunriselmi

trend line back test seems like a good place to short

sunriselmi

possible target support and bounce

sunriselmi

i can make one of these every few days evidently

sunriselmi

a little over 3800 for a top at trend line and fib level, in days

sunriselmi

daily chart has built in divergence now no matter how high it goes. i will short at touches of the daily bollinger band at 2.5 sd

sunriselmi

good spot

sunriselmi

stochastic would indicate this is not done, but you can already see that no matter how high this goes it will be daily divergent. the break down backtest has never filled against the trend line shown here. that would be the highest probability short, but price has been so weak it can never get there, so i cannot see another level yet. mid term, this break out...

sunriselmi

bob kendall's calls are utterly dangerous. just use rsi, stochastic, bollinger bands and distance from a 20 ma. simple stuff. this had a much higher probability of going up than down to 3120 or 3060. the wave tech system has some fatal flaws in it.

sunriselmi

another line at 3501, should top here

sunriselmi

the green line will be first support if the current double bottom fails. the green line is very weak, there are not many price pivots supporting from underneath compared with the strength of the black line. the blue line is strong too. these are either months to a year away or indicating another crash scenario like march. the chart is setting up as lower highs...

sunriselmi

chart 2 close up. there is no denying price respects that line. this does not bode well for the future for intc.

sunriselmi

first chart that is a hugely important trend line from 1973 i supplicate that intc is being replaced in the industry. this is the beginning of a transformative period.

sunriselmi

it will go here

sunriselmi

headed here

sunriselmi

this can go either way

sunriselmi

perfect hit of level identified oct 16

sunriselmi

same as aapl. drawn this way does not look bullish

sunriselmi

drawn this way is not bullish