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Strategies & Market Trends : Technical Analysis With Charts
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To: chartseer who wrote (4236)2/22/2007 10:01:30 AM
From: The Ox  Read Replies (1) of 6865
 
No, I did not buy yesterday. In general, I usually wait 2 to 3 days minimum after a drop like SCT took yesterday. Sometimes I will wait longer for verification of the "climax". When a chart shows more past support at the "climax" level, then I may be more tempted to enter earlier. Often, after drops like this, weeks or months of sideways movement is to be seen.

At least the chart looks more likely that a turn is coming or here then it has in the past few weeks.
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