In a perfert world Percent of successful formations â 63% Other considerations? Chinese PC maker goes with AMD http://news.com.com/2100-1006-5180040.html?tag=cd_top Look to the future ...... have chinese takeout for lunch.
Very interesting chart, and of course the fibonacci's are certainly a possibility. However, NSM and AMD have actually been acting much stronger, relative to the rest of the SMH/SOX sector. Don't mind Trend Fader's comments though. He is already on record on ET as saying that he doesn't use cute little charts, and has no belief in technical analysis whatsoever.
but chart should bo back to Sept 01 to show beginng of decline. A reversal pattern needs something to reverse.
If, and it is a big if, INTC kicks into gear, the upmove could be verrry swift and painful to the shorts. I think we make another run at 30, which is where we failed last time.
Why waste your time on a relative strength laggard. If you want to trade the semis you should be in VSEA, MRVL, NSM, ADI. For dollar to dollar they will move much faster than INTC.
Why waste your time on a relative strength laggard. If you want to trade the semis you should be in VSEA, MRVL, NSM, ADI. For dollar to dollar they will move much faster than INTC.