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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Jeff who wrote (4165)7/25/2002 7:10:19 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
The thing is, the ADX is still not at 10, and at other bottoms it was below that number.

The SPX looks pretty much like up from here. The SOXX needs to re-test today's lows before it can move up again. Normally that takes 3-4 days, but it may only take one here since we're on an quicker schedule.

Here's what the SOXX looked like last Sept. at the bottom:

stockcharts.com[h,a]daclyyay[d20010916,20011006][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G