When the price moves too high above the Moving Average, the pressure is for a downward movement. Likewise, when it moves too low below the MA, the pressure is for an upward movement in the price. My pink ellipses show the instances where the price was too high by this rule, and the green ellipses the occasions when it was too low. My previous predictions of a rebound of INTC were premature. It looks likely to fall to $29 before rebounding, right up to $40.
