Not so sure about 10 percent, but some pullback is likely, for more than a modest drop, need a reversal in the rsi ideally coupled with a curve down in the macd. But WW should have a better idea, he's a tech geek after all.
Intel seems to be buying back about 300k shares per day.
The 1mil shares being shorted each day for the last year has stopped.
Some short covering has started and there is 150mil shares above historical normal levels shorted.
Value investors step in and are nibbling when the Intel yield goes above 4%.
Analyst upgrades are starting to flow back in with the smaller ones first.
There will be a lot of Intel new product news in the next few months.
There are a number of fundamental issues that will make the RSI artificially high and fool the pure chartists into thinking INTC is overbought.
The 50-day just crossed above the 200-day. I could see a test of the 50-day or possibly 200-day but you will not get a 10% pullback without a 15% general market drop.