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


To: Johnny Canuck who wrote (37931)8/6/2002 2:25:28 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 68714
 
This is starting to get annoying. SOX intra-day charts are now down.

COMPX needs a gap down open tomorrow to generate a buy signal.

At this point if one is not in the market, I would go to the beach till after the labour day weekend.

My guess any chance at a 2H re-bound is not gone. Even the chance of the preception of one happening is gone. It has been overwhelmed by the accounting scandals. This is keeping money away from the US markets in droves. The perception that the US markets were safer that European or Asia markets is now gone. It will take decades not years for this to be repaired. People just do not forget these kinds of things.