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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (23037)9/19/2002 11:59:13 PM
From: Susan G  Respond to of 26752
 
Updated charts

stockcharts.com

What a mess out there!

breakdown after breakdown, bearish candles on dailies everywhere, the SOX looks terminal. All indexes are retesting the July lows or August higher low right here.

They may bounce on short covering but all indexes are in complete breakdown mode. AGAIN. And it's not looking like that monthly bearflag target of 250 on the SOX is going to hold. As the SOX goes, so does the nasdaq...
and the BTK, which has been holding up the NDX broke it's daily flag today with a nasty bearish reversal.

I wonder what's going to hold it up now?

Most of the daily bearflags have exceeded their downside targets by far.