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

To: 16yearcycle who wrote (13654)11/5/2002 1:43:02 PM
From: Killswitch  Read Replies (2) | Respond to of 30712
 
SOX is already close to taking out the critical 304 level. It appears that since it is leading the action, that if we do fill the gap it will almost certainly take out 304. 304 is about the lowest line I can draw for that broadening pattern breakout... by some other possible lines it has already failed to hold above the breakout. Anyway, if 304 goes and it can't retake it, then could be bad news for semi stocks and the Naz in general.



To: 16yearcycle who wrote (13654)11/5/2002 1:58:30 PM
From: Killswitch  Read Replies (1) | Respond to of 30712
 
I see a lot of people not taking profits on longs here since they are certain that tomorrow or even later this week will give them better prices. They may be surprised... we'll see.


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