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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (37831)7/26/2002 10:55:41 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 67675
 
Still no proper SI charts. I expect it may be 4 more days till the bad intra-day data is cleared out of the system.

Eye balling the charts though, the SOX is selling off even as the COMPX tried to rally this morning. The COMPX will not go far without the SOX. I would expect a re-test of the 1200 level on the COMPX as a result. The lack of a trend intra-day right now means it will take the path of least resistance which is down.

We need some news event to turn this around.