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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (15823)5/15/2001 10:26:27 PM
From: ajtj99  Read Replies (1) of 30051
 
Things do look weak, but Stochastics seem to indicate we need one last gasp rise before the inevitible drop.

All the indexes are deeply oversold. Here's the SOX (I hope the link works).

bigcharts.com

If we are down slightly tomorrow, it would seem we need to rally in the next couple days on some volume before we move lower, or we may end up moving sideways for a while.
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