KrunchieKilleen
Short

INTEL: Downslip of Spike stalls, but ...

NASDAQ:INTC   INTEL CORP
45 0 0
On Friday, the downslip from the top of the Quarterly Report spike stalled. First impression is that the new extra-high share-price will be maintained. However, further inspection of the chart reminds us that the Spile brought the price thundering through the 5-year Resistance Line - the very top of its expected range, having been increasing at an accelerated pace since last May. Though my confidence is somewhat shaken that the downslip will continue, I remain of the opinion that it will go down to about $33. When the general market correction occurs, I expect it to fall considerably further, but have no idea when this will happen.
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