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Intel Corporation Message Board

  • littlestewie88 littlestewie88 Oct 8, 2013 12:25 PM Flag

    Just A Thought

    Although stocks finished poorly yesterday, there was still plenty of optimism in the market that the debt ceiling issue would be resolved in time to avoid a default. We are likely to see more dip buying. But trading is likely to be very choppy until we see some progress in Washington. We are in a market where both buyers and sellers are afraid of being caught in a news break. If you have a large long position, you have to think about whether you can weather a potential 5-10% drop should a technical default take place. If you trade, stay very short term, or stay with stocks which have held up well in the past couple of weeks.

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    • Actually nice to see the qqq underperforming the overall markets the last few days to work off the overbght conditions there.

      SPY held 1660, former resistance earlier this year. INTC could simply be basing in this going no where area mid 22's.

30.51+0.51(+1.70%)Oct 2 4:00 PMEDT