Solid Upside Bounce Possible For This Chip Stock


Intel is at a major time and price symmetry decision.
INTC has spent
the last 10 weeks in correction mode. The last 10 weeks have translated to a 7.8
point loss. Interestingly enough, the previous “major” decline in this uptrend
occurred back in December 2002. That sell off lasted for guess how long? Yep, 10
weeks! TIME SYMMETRY Oh, and guess what the size of the decline was? Yep, around
7 points as well. PRICE SYMMETRY. Mix this time and price symmetry situation
together with the fact that this stock is at the bottom of an uptrending
regression channel…we have the makings for a solid upside bounce.