That way I could apply for my Guru card and that rarefied club might finally accept me!
2 Days ago NFTRH+ made a post on Intel (now public), referencing a daily chart pattern that had just formed, with a target of 40, which rather coolly was in confluence with the 40 +/- NFTRH+ target from June, when we first projected a big picture breakout.
I love confluence in markets and in indicators. Love it.
Anyway, Intel dutifully dropped yesterday to test the breakout line – allowing those who were interested based on the update – to enter. Today, we have fundamental news on Intel’s revenue outlook for 2015, including our original fundamental premise, which was mobile chips.
Like I said, they should all work out like this. But they don’t. Remember that next time someone even gives off the scent of being a guru.
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