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Re: Zeev Hed post# 8825

Friday, 07/26/2002 2:15:33 PM

Friday, July 26, 2002 2:15:33 PM

Post# of 704041
Falling wedge from this AM on the SOXX may provide the clue to the direction into the close. If it breaks to the norm (up) the rest of the market might bounce a bit.

It almost appears they put a floor on this thing this afternoon. It kind of reminds me of a similar situation in November when we were just about to fall below support aruond 1900, and they ramped it shortly afterwards.

I'm not saying that will happen, but the pattern looks familiar, complete with the converging BB's.


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