1) Price/Volume action looks nasty .......
2) Do I see an head and shoulder ? (Not convinced yet .......)
3) 50 days SMA is now our KEY resistance level
4) If Intel does not get above $21, we may suffer a reversal in techs .......
Saturday, January 8, 2011
Will Intel ruin the bull market in techs ?
1) Price/Volume action looks nasty .......
2) Do I see an head and shoulder ? (Not convinced yet .......)
3) 50 days SMA is now our KEY resistance level
4) If Intel does not get above $21, we may suffer a reversal in techs .......
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2 comments:
moise,
would not intel's issues be more specific to losing share (and mindshare for that matter) to arm specifically than the tech in general. i mean the mobile growth and tech growth related to it seems huge. intel just has not been part of it and with msft annoucing a port to arm that has just made things worse.
Good point .......
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