just scanning and pondering charts, and if wasn't for my dread of PPT, i would say we would get are intermediate term blow-out capitulation within days.
But how many times have we been on the brink and lo and behold a buy program hits and shorts respond by covering and we are back to the drawing board? Too many times.
^BTK is interesting , as 300 is it's last line of strong support before it descends into oblivion.
We also have a support line 1300/1325 on COMPX.
We however are on the edges of a real catharsis.
This chart would say it the easiest regards what i want to see.
The NASI MUST break below minus 1000, it simply must before i can say we have a intermediate bottom.
stockcharts.com[g,a]dallnyay[df][pb8!a-250!a-750!f][vc60][ilb14!la12,26,9!lp14,3,3][J4628176,Y]&listNum=1
BTK stockcharts.com[w,a]daclyyay[df][pc13!c50!c200!a!a][vc60][iub14!la12,26,9!lp14,3,3!ll14][J4606447,Y]&listNum=1
BPCOMPQ stockcharts.com[h,a]daclnnay[de][pc20!f][J3945116,Y]&listNum=1
and what do you think of the SOXX??? stockcharts.com[r,a]daclyiay[d19970702,20020702][pb13!b20!b50!f][vc60][iub14!la8,17,9!lyb20,2.0!lp14,3,3!ll14][j4178416,y]&listNum=1 |
