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To: Shack who wrote (133531)6/11/2006 2:44:36 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
SOX.....Here's the LT chart I posted in February....

Should I now discard it ???

I ain't so sure..........




To: Shack who wrote (133531)6/11/2006 3:35:33 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
SOX........Pushing a little further possible role as agent provacateur..LOL.....how 'bout this for a scenario ..??...

Wild as it may seem......nothing in the picture at this stage rules it out IMHO as a possible development....




To: Shack who wrote (133531)6/12/2006 7:28:39 AM
From: skinowski  Read Replies (1) | Respond to of 209892
 
Could be. But - since an ED in a correction likes to be in the "C" position, the 2006 top in SOX may also be a completed ABC since the 2002 bottom. This would be clearly more bearish.

But I don't perceive things like these as tradable structures - they are vague hints, hardly more. Too many possibilities open... takes way too long to be proven right or wrong.

$BKX remains a bullish "argument" - still holding relatively strong. Looks like last week's lows may be important:

stockcharts.com