While Cisco wants to push higher before rolling over, Intel appears to have already gone to the other side feeling the bear pressure. We don"t expect Intel to make new high pretty soon if we are wrong it will be in a topping mode.
Using the Wave Principle, from the 2015 high to the 2016 low we had a 3 wave affair that was followed by another 3 wave pattern sporting equality between waves bolstering our confidence in this scenario implying a decline part of another three wave structure or even a more bearish strong C wave of expanded Flat that will bring prices below 25$. Nobody can tell but for now we are just plain bearish on Intel.
For the very short term, it appears we might push a little higher towards 35$, maybe 36$ before Intel gets whacked on the head.
Using the Wave Principle, from the 2015 high to the 2016 low we had a 3 wave affair that was followed by another 3 wave pattern sporting equality between waves bolstering our confidence in this scenario implying a decline part of another three wave structure or even a more bearish strong C wave of expanded Flat that will bring prices below 25$. Nobody can tell but for now we are just plain bearish on Intel.
For the very short term, it appears we might push a little higher towards 35$, maybe 36$ before Intel gets whacked on the head.
