INTC RECENTLY GUIDED LOWER CAUSING SELL-OFF WITH WEAKNESS IN PC MARKET.
KEYS TO WATCH:
1) SEE IF INTC TESTS THE LOWER TREND AND CAN HOLD IT. TEST DOWN TO 21.70 IS STILL HOLDING
2) SUGGEST COVER SHORT AT TREND LINE TEST
3) IF YOU SEE A FURTHER BREAKDOWN TOWARD 19.50 LEVEL RESUME SHORT.
KEYS TO WATCH:
1) SEE IF INTC TESTS THE LOWER TREND AND CAN HOLD IT. TEST DOWN TO 21.70 IS STILL HOLDING
2) SUGGEST COVER SHORT AT TREND LINE TEST
3) IF YOU SEE A FURTHER BREAKDOWN TOWARD 19.50 LEVEL RESUME SHORT.