INTC, MSFT update 4/27

INTC: responded badly on earnings and now down AH. Our count (presented already March 7 see here) continues to be correct in that INTC should now be in Primary II. As such we’ll stick with it until proven otherwise.

intc

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MSFT: also a negative reaction to earnings. But we pulled out our “old chart” with our bull-flag targets and law-and-behold, price reached both and now reversed AH. No count of MSFT but it may have put in a significant multi-month top considering the blue and black arrows are based on multi-month bull-flag formations.

msft