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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (50206)	5/14/2013 2:24:25 PM
From: Fintas	1 Recommendation Read Replies (1) \| Respond to of 220888

Someone recently suggested INTC was a buy and would lead em up. I presented INTC had x % up to go just to turn it's RSI pnf chart UP. As we can see Ol INTC is heading down? HMM if it was so strong why's it not breaking up to 25/26/27 but more importantly 30. Ya see I was there in intc long ago and under 20. I was OUT in the 27.75 ish MONTHS ago. I was OUT because the numbers didn't support 30/32. They did support 19 ish which did happen and then it has done the 20-23 for a while. This was but a push. The semi's are weak re sector. So WOULD I buy INTC. NOT here. Where would I buy INTC.. 19-21 ish. And since I take calls in intc for it has OOOMPH. I'd rather watch it eat TIME so I don't get sucked into buying the wrong strike that gets caught eating up time. So not sure what you meant by INTC the leader. Did you mean is intc the leader UP. OR is intc the leader down. I'd say, intc had a nice pop, profit is being taken and INTC FA still needs a bit more time before we kiss the 20's good bye. Keeping in mind I've also put up a number re sox down and nasd down that will give some heart burn. Yet that does set up for the next LONG term leg up for an intc. So for those who don't give a hoot about 10-15% down and see the 100% up re intc then that makes sense for them. ME? I'm a patient man. I can wait 3-5 years for a target to be hit UP.. Or 6-1year for a buying opportunity. The rest is just killing time. Similarily I'd say the same re GE. It needs MORE TIME re FA before the 30's go bye bye. Ditto BAC it needs more time before the 16/19 and then 20 go bye bye. It's a good market if one stays objective and doesn't get caught in the buy APPLE. HMMM WHY? NOT until it proves itself and that is still a working process IMHO. Be well Fintas