Well, this SOX 60-minute chart suggests it should get a lower low tomorrow:
stockcharts.com[h,a]eaclyyay[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
367-369 is what I'd expect for the SOX, which is about a
3-1/2% drop. If the BTK doesn't hold up a bit, that would bring 1193-1197 NDX into play.
The BTK looks nearly done dropping, and the 414 (by my memory) low should hold this test:
stockcharts.com[h,a]eaclyyay[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
If the BTK holds up a bit, we might not have as much carnage. |
