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Strategies & Market Trends : Harmonic Trading with The Phoenix

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To: Jack of All Trades who wrote (922)8/29/2003 11:39:29 AM
From: the-phoenix  Read Replies (1) of 941
 
Oh, I'm not sure the whole rally is over yet, but I think we will need to see a pullback next week, at which time I will cover some positions and at least lighten up. OTOH, we could melt next week when "Da Boyz" return.

The SOX move off the low on the 8th is a straight shot that has the daily so overbought here. But ultimately the 477 area looks possible, where a couple fibos fall on the weekly chart.
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