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

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To: Jeff who wrote (12770)10/30/2002 1:52:14 PM
From: Killswitch  Read Replies (3) of 30712
 
BTK had a breakout today of its multiday bull flag/consolidation pattern, but that has now clearly failed. If SPX closes below 885 I am counting this as a win for the bears.

SOX/NVLS/etc still holding within those potential broadening patterns. If we move down further now it could be fairly swift, and a breakdown of those patterns would seal the top. Perhaps some bad economic news tomorrow and Friday would do it.
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