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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Gersh Avery who wrote (6843)3/21/2005 6:51:56 AM
From: Walkingshadow  Read Replies (2) of 8752
 
<< hose are support and resistance lines within a downtrend


Obviously. The upper tine is resistance. The lower tine is support. Eventually the $SOX will move down.

The question is the following:

In the coming week, will the $SOX:

(a) rally towards resistance (upper tine)?

(b) move down to test support (lower tine) ?

(c) can't tell

T
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