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

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To: Jeff who wrote (6567)9/6/2002 12:35:43 PM
From: ajtj99  Read Replies (2) of 30712
 
Most charts I've looked at (60-minute, 30-minute, 15-minute) are either turning down or close to turning down. We're either at the apex of this move or close to it. If we do not take out 1296 in the next hour or so, we could get a .382% re-trace down to 1278. I don't think they can let that happen, as the shorts would absolutely pile on.

SOXX kissed the neckline of its H&S at 290, so it is ready to drop. It's just hanging around now to see if someone brings another keg to the party.
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