Intel Nears Peak

In regard to the price predictability there is interesting cycle in INTC price over last 3 years. During 2010 and 2011 bullish markets Intel has touched its bottom in September both years. The evidence that INTC registers its price peak during the spring is clear – 2010 ceiling has been registered in April, the 2011 one – in May. Cycle length is approximately 240 days in both cases. The latest cycle started exactly in Sept 2011 now probably reaches the roof as the chart shows stall signals.