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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (633)	3/10/2021 11:01:25 AM
From: yard_man	Read Replies (1) \| Respond to of 4393

I don't know where we are in your short term count -- but this bounce looks kind of corrective here ... bit more to go on the downside?? maybe NDX can make horz support at 11,4??

To: robert b furman who wrote (633)	3/11/2021 4:21:52 AM
From: Bull RidaH	2 Recommendations Recommended By bull_dozer techtrader73 Read Replies (3) \| Respond to of 4393

SOX - Leaving money on the table is a great analogy, because your 3rd favorite sector is looking very dicey for future upside beyond the current bounce. After a review of the index since inception, I find no patterns or forks driving it to new highs, as every pattern and projection has been exhausted. Maybe that's why the index found it's way into Chef's thread header recently... possibly the greatest contrary indicator that we have access to for free!! <ggg> As seen below, SOX just completed a 5th touch inside an expanding triangle (aka megaphone), which is almost always a great reversal spot. That appears to be the case again in this index, as a nice bounce has materialized from that 5th touch line in the 2,750 area. A small double bottom with reverse V has formed at the lows, and is targeting 3,090 for a pop-n-drop reversal. From 2880, that 7% rise would be a vast out-performance to the 3.1% rise expected for the NDX before the bounce there is expected to end. Place your bets, pass line, dont, who needs crap insurance? C'mon lucky 7... baby needs a new pair of shoes!! 7%.... 7%!! YES!!!