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A while back (can't remember exactly when, because I delete old mail) we had a
discussion on INTC regarding a bearish head and shoulders pattern. At the
time, the stock had not yet confirmed the pattern by breaking to the downside
through the neckline. I kinda just forgot about it because I don't play the
downside via a short position.
Well, go look at the chart now. It is a classic bearish head and shoulders
failure. This implies a strong move in the opposite direction, or up. I can
recall only seeing a handful of such patterns. This is just "FYI."
Jerry
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