Intel Corp: projecting bottom for current Spike

May 2014 saw an accelleration in Intel's uptrend, part of a general overheating of the market, perhaps. Quarterly report on 16 Jul caused a spike in the share price, which is now reversing. The chart projects a bottom for this spike. If the correction of the indexes that we are expecting occurs, there will probably be a significant correction here too. For the present moment, it is likely that the price will come down off the spike as projected here.