KLAC does a gravestone doji on the 60-minute:
stockcharts.com[h,a]eaclyyay[da][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
It appears to have shot its load.
How you gonna get the COMP and NDX up without the SOXX?
SOXX printed a reversal candle at the EOD 60-minute also:
stockcharts.com[h,a]eaclyyay[da][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][j7205405,y]&listNum=1
The falling resistance line off the 8-23 pivot high appears headed for 265-270. The ramp off the previous pivot low was 39-points, so could that point to 271 as a target for the SOXX on this ramp? If this is a 5-wave move off the August top, it would appear we should dump after maybe doing a re-trace of today's run and a last shot at a high.
Could the target for a low be 200-220? |
