Hi guys,
We are saw a significant price drop in major stock indexes like nasdaq, S&P and dow jones. Many people are preparing to short these stocks (which could be a viable option), but elliot wave suggests this might be only a temporary opportunity as the market is likely to rebound and make a new top before a lasting drop.
This chart can be viewed as a signal for buyers to wait for a potencial drop of intel from 52 to 46-48 and establish a net long position. In the long term intel might reach its previous dot-com hight of about 80-80 usd.
good luck,
BeatingWS
We are saw a significant price drop in major stock indexes like nasdaq, S&P and dow jones. Many people are preparing to short these stocks (which could be a viable option), but elliot wave suggests this might be only a temporary opportunity as the market is likely to rebound and make a new top before a lasting drop.
This chart can be viewed as a signal for buyers to wait for a potencial drop of intel from 52 to 46-48 and establish a net long position. In the long term intel might reach its previous dot-com hight of about 80-80 usd.
good luck,
BeatingWS