Tuesday, March 21, 2006 11:06:30 PM
SOX support at 475 (chart)
i borrowed this bullish wedge from robert new, i do not use it and do know how reliable they are.
but, it coinsides with sox support at 475, SMH November gap at $34.43, SMH 1year lower trendline and SMH weekly lower bollinger.
SMH bottom target is still $33, but i believe at this juncture $sox-475 will be the first 3 day bounce to daily mid-bollingers $36.75 and/or weekly mid-bollingers $37.41,
SMH at support
SMH 1yr (repost)
i borrowed this bullish wedge from robert new, i do not use it and do know how reliable they are.
but, it coinsides with sox support at 475, SMH November gap at $34.43, SMH 1year lower trendline and SMH weekly lower bollinger.
SMH bottom target is still $33, but i believe at this juncture $sox-475 will be the first 3 day bounce to daily mid-bollingers $36.75 and/or weekly mid-bollingers $37.41,
SMH at support
SMH 1yr (repost)
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