Not a Pretty Picture

11/13/2008 9:16 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart

Intel (INTC) shocked the already weak market after Wednesday's close as they are looking for a 14% revenue drop. The stock lost another 7% in after hours trading and will add additional selling pressure on the opening. The weekly chart is quite negative as long-term support was broken in October.

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