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ajtj99

03/31/06 1:09 PM

#75595 RE: jdaasoc #75591

The BTK is still looking rather weak on the weekly chart. It broke a rising wedge and probably still needs to tag the 675 area yet over the next month or two:

http://stockcharts.com/def/servlet/SC.web?c=$btk,uu[e,a]waclyiay[pc9!c13!c20!d20,2!c50!c200!b200!b50...
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ajtj99

03/31/06 1:14 PM

#75597 RE: jdaasoc #75591

The SOX weekly looks like it is tracing out a bear flag / wave 4. The target for the drop would be 470 SOX. After that, a re-trace up to maybe 510 could be expected:

http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[e,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...