Wednesday, March 23, 2011

Trading - the power of Basing - The drawing power of the Gap - and most important - the reward of Patience

Update on previous post Intel INTC - has begun to close the "gap" and has moved from 20.20 into the "gap" presently at 20.35 - 20.40 next resistance 20.71
StockConsultant.com  Summary:
RESISTANCE ABOVE
+2.1% at 20.71 ± 0.25, type triple, strength 10
+4.8% at 21.27 ± 0.26, type triple+, strength 
10+7.6% at 21.84 ± 0.26, type triple+, strength 10
SUPPORT BELOW  

-1.8% at 19.92 ± 0.24, type double, strength 9

-4.4% at 19.4 ± 0.23, type single, strength 5
-6.2% at 19.03 ± 0.23, type triple, strength 1
-11.3% at 17.99 ± 0.22, type single, strength 8

Update: Friday (2 days later) INTC now approaching 20.50






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