On the INTC
chart, your favorite head-and-shoulders pattern is shaping up, while the Baskerville effect is observed. The top has appeared for the second time. Why has this pattern appeared? There was no optimistic trend before, and nothing to reverse, so this pattern was continuation of upward movement. What can we expect next? We expect USD 39-40 valuations and the second top to finally shape up to the upside. Then bear
operations can be expected. At best, the gauge may fall as low as USD 23 toward a rising trend of March 2009
. In addition, the main gauges of the Dow and S&P
may also correct toward similar trends.
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