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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: Clint E. who wrote (34055)9/5/2001 6:05:13 PM
From: Johnny Canuck  Read Replies (3) of 69663
 
I did not do anything today. I will wait for the lows of April to be tested first. We are less than 100 points away on the COMPX. It needs to test it before many traders will start to bargain hunt in earnest I think. Most of the real damage is being done outside of the stocks in the indices right now.

I expect a few bounces in between but I expect the direction to be down in the intermediate term.

Be careful, SOX and COMPX look like it could negate the buy signals. It is setting up for that now.
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