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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (15114)7/16/2002 5:18:22 PM
From: chowder  Read Replies (2) | Respond to of 23153
 
Bullish Reversal plays?

Yesterday I posted 9 companies with a Dragonfly Doji candlestick pattern. This pattern is usually a good indicator of turning points in the market.

Today's action showed all 9 companies finishing lower.

What does this mean? Damned if I know, but it is an indication that any near term rally we've been anticipating will be nothing more than oversold sectors being bought and rotating to the next one. This is an indication on why confirmation of patterns is usually required.

Market breadth isn't wide enough for the broader market to rally. The SOX was beaten up pretty bad, now it looks like we're seeing some profit taking.

stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G

What impact can we expect to see with INTC missing earnings?

Is the OSX bottoming?

stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G

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