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S&P 500
5,626.02
(
0.54%
)
US TECH 100
18,986.40
(
0.30%
)
Dow Jones
41,393.78
(
0.72%
)
Brent Oil
71.83
(
0.00%
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Bitcoin
59,988.15
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-0.98%
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Post# of 148479
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plexxus

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plexxus

Re: ajs post# 68304

Tuesday, 01/03/2006 11:55:51 PM

Tuesday, January 03, 2006 11:55:51 PM

Post# of 148479
Hello AJS...best wishes to you as well. I do expect 560 on the SOX in time. Some very important holds today on the early lows with many bullish hammers in the group.

First note the bullish breakout and near perfect backtest of key support on the NDX and Nasdaq...

http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]dhcayiay[d20050102,20061231][pb50!b200!b20...

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]dhcayiay[d20050102,20061231][pb50!b200!b20!f...

Both patterns look like they are setting up in bullish fashion. Per the SOX although it broke 486 it still is in a bull flag pattern back to the 50 day. The SOX gapped up 4 times off the recent lows thus some give back had to be expected. Sort of has that cup/handle look to it here...

http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[w,a]dhcayiay[d20050307,20061231][pb50!b200!f][vc...

Best Regards....Robb
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