Medium term rebound

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While point and figure charting has largely fallen out of fashion; I find it quite useful to identify trends during complicated markets. Obviously intel             had a great run up before earnings , displaying a full catapult. After earnings intel             fell rather quickly, yet its fall was broken by its lower trend-line. For now I believe Intel             is simply consolidating before its next upward movement. This being said, should intel             break its trendline and fall below 19.15 I would find myself becoming quite bearish .
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