AI
Friday, April 04, 2003 11:15:20 AM
SMAs holding the Markets Down so far
SOX is hitting bounce territory but that might be all we get, just a bounce. The Put signal might have been yesterday on the failure to move higher than the Premarket high and again this morning with the Futures failing near the highs also. The 100/320SMA may or may not hold support. It is Possible that we did see the exhaustion gap yesterday in Premarket. The 100/320SMA support is the markets only hope here, that or good War news. Enjoy the Day Steve! :^)
SOX is hitting bounce territory but that might be all we get, just a bounce. The Put signal might have been yesterday on the failure to move higher than the Premarket high and again this morning with the Futures failing near the highs also. The 100/320SMA may or may not hold support. It is Possible that we did see the exhaustion gap yesterday in Premarket. The 100/320SMA support is the markets only hope here, that or good War news. Enjoy the Day Steve! :^)
Good Luck to All! :^)
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