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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Sat Sep 04, 2004 6:28 am Post subject: INTC (with chart) |
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The INTC weekly chart shows two recent weeks of selling on heavy volume (which may be a sign of capitulation). INTC rallied around two points after the first week of heavy selling. RSI and ULT show INTC severely short-term oversold. The INTC Jan 20 calls fell sharply Fri to 1.75 and should rise to 3 on a two point INTC bounce within two weeks. Also, The INTC Oct 20 calls are trading at 0.90 and should rise to 2.50 on a two point INTC bounce to 22 within two weeks.
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