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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who wrote (418)5/16/2002 5:24:54 PM
From: ajtj99  Read Replies (1) of 30712
 
The SOXX H&S seems to measure to around 475 or so on the 5-minute.

The way this may play out is how some of the expirations played out back in June and July. We ramped all the way to Friday, and sold off after noon on Friday.

The tepid support below (20-EMA, top of gap, etc) may be the reason they dare not drop this yet. We may go up in the AM for a final test of 1735/1759 before dropping to test 1694.
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