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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST
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To: Tenchusatsu who wrote (167310)7/3/2002 12:33:27 PM
From: Alan Smithee  Read Replies (1) of 186894
 
TA Voodoo Update

When we last spoke, I told you I'd wait a month, until around 7/21, to pay another visit here,
but I thought I'd best come back early and update.

You will recall that the chart had reversed up (what we TA Voodoo Practitioners call a "3 box
reversal") to 19. That' all she wrote, as the upmove appears to have shot its wad. The chart
reversed down again and gave yet another sell signal
with a print of 17. It's added another O to the chart with a print of 16.50.

I'd said before INTC would see 15 before 25. I fear I have to revise that prediction.
The stock will see 12 before it ever sees two bits again.

Sorry to be the bearer of bad news.

Oh, BTW, this is not hindsight VooDoo. Recall when I was here before, I told you it was
headed down more.

Intel Corp.|Intel Corporation (INTC) Nasdaq Nat. Mkt.
3-Jul-2002 O:16.27 H:17.23 L:16.26 C:17.12 V:31,014,400 Chg:0.55
Alert Descending Triple Bottom Breakdown© StockCharts.com
42.00 | + | | | 42.00
41.00 | + | | | 41.00
40.00 | + | | | 40.00
39.00 | + | | | 39.00
38.00 | X + | | | 38.00
37.00 | X O + | | | 37.00
36.00 | X O X + |X | | 36.00
35.00 | X X O X O +|1 O X | | 35.00
34.00 | 1 O X X 2 X O |C O X O X | | 34.00
33.00 | X O X O X O X O X |X O X O 3 O | | 33.00
32.00 | X O X O X O O X O X 5 8 |X O 2 X O + | | 32.00
31.00 | X O O X O 3 O X O X O X X O|X O X O X X + | | 31.00
30.00 | O O X O X O X O X 6 O X X O|X O X O X O X O + | | 30.00
29.00 | O X O X X O X O X O X O X O X O|X O 4 X O X O + | | 29.00
28.00 | O O X O X O O X O X O X O X O|X O O X O | | 28.00
27.00 | O X O X O O O 7 O|B 5 X O | | 27.00
26.00 | O X O X 9|X O + O | | 26.00
25.00 | O 4 X O|X + O |High| 25.00
24.00 | O X O|X + O | | 24.00
23.00 | O O|X + O | | 23.00
22.00 | O|A + 6 | | 22.00
21.00 | O|X + O | | 21.00
20.00 | O|X + O | | 20.00
19.50 | O|X + O |Avg | 19.50
19.00 | O|+ O X | | 19.00
18.50 | +| O X O | | 18.50
18.00 | | O X O | | 18.00
17.50 | | O 7 | | 17.50
17.00 | | O | | 17.00<
16.50 | | O | | 16.50
16.00 | | |Low | 16.00
15.50 | | | | 15.50
15.00 | | | | 15.00
14.50 | | | | 14.50
02
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