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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (139876)1/3/2007 4:38:16 PM
From: The Freep  Read Replies (2) of 209892
 
I'd note that while the SOX popped out the top of the wedge clearly today before failing, most of the individual wedges (and there are a ton in the semis) didn't break out with that clarity, so the "failure" there doesn't look at all like failure... just a trip to the bottom of the range. I'd agree that long with a stop at the lows seems like a decent bet for a nice return with minimal risk, at least in the semis.

But yeah... there's JUUUUUST enough out there that clarity has to wait.
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