INTC Update

This is exactly why we don't chase, but rather look for interesting trades and let them come to us. That sounds good in theory, you get a better price, you have less risk, etc. However in practice, it's difficult emotionally because you are entering a trade (in this case) that is moving down or has just moved down pretty significantly, emotionally that's a hard position to buy, but from a risk perspective it's where your lowest risk is IF there are good reasons on the chart to buy the stock, INTC has those reasons so now it's just about patience.

 INTC's 1 min chart has turned to a leading negative position very quickly, it's a new divergence, but it's starting to migrate which gives it some credibility.

The 2 min chart is doing the same; this isn't enough for a decent pullback, but it appears the process may be under way.