SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Shack who wrote (121543)7/7/2005 2:20:28 AM
From: Shack  Read Replies (4) | Respond to of 209892
 
Here's that bullish SOX count:

ttrader.com



To: Shack who wrote (121543)7/7/2005 7:50:52 AM
From: skinowski  Respond to of 209892
 
Bizarre realities of our age..... Terrorist murders in London are shaking up the world.



To: Shack who wrote (121543)7/7/2005 8:34:09 AM
From: skinowski  Respond to of 209892
 
But if the move is up

This morning's events certainly may make that more iffy. But who knows.

I agree, of course, with your read on $SOX. Structures seem to call for a bullish move... and generally, the chart gives the sense of some pressure building up - in what is an important sector.

But -- take a look at the weekly WY, for example. It made a great impulse off the 2002 lows, but for over a year now is acting as if it is running out of steam. Another one is CAT - a large possible Broadening Formation on the daily. Could go either way.

MMM seems not far from breaking from an H&S.

SP doesn't look particularly bullish... It will take time until we'll be able to see the meaning of today's gap - triggered by the terrorist attack.