Discussion in 'Technical Analysis' started by ZZZzzzzzzz, Jun 24, 2005.
ZZZ 7 ;
The whole semi sector has frequently some good long term downtrends; and good short term downtrends lately .
INTC could use some more sell volume.
Hope this helps.
Your comments did not help.
Not to be rude but I dont give that hammer much weight. A hammer after a nice sloping downtrend with some volume is something to take note of.
Granted we had a nice down day on friday with some decent volume and not much of a wick on each end; so most likely well go down some more.
If you take a look at the 60 min chart it brings up a interesting picture - that being we closed on friday at some support (ie trendline)
I would think well stop for a bit where we are at and head to 25~ but we are at a slight impass here ie may need to retrace a little before doing so.
Failed Hammer. ROFLMAO!
Must have been a Chinese-made hammer!
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