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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (16807)5/31/2001 9:12:36 AM
From: Les H  Respond to of 30051
 
SOX is sitting on the 50% retrace of the April 4 to May 21 rally and the descending trendline of the reaction lows since the top. Should bounce here. NWX is sitting on the 62% retrace. Should bounce but odds are high that it will fall back to the April 4 lows or lower.