AD, you almost always make me laugh. Seriously I think we will end up with a rally up to the 50 day moving average for the SOX and then look out below.
So even though I am bullish short term I still am even more certain the bottom is not in. Short term I would like to see the SOX dip back below 350.
stockcharts.com[w,a]dhclyiay[pb50!b200!d20,2!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G
And I would like to see the VIX back above 35 short term to set up buy signals for me.
stockcharts.com[w,a]dhclyiay[pb50!b200!d20,2!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G
We will have to wait and see but I think we could hit both my targets tomorrow, or the next day, and still end up with the double bottom holding. Then we should see the SOX and the NASDAQ moving higher again.
Short term bull!
RtS |
