Replies to post #25254 on ajtj99's Market Pulse

[Jerry Olson]

Morning Justa

I've been noticing some "traction" in the semis overall...the BP is very oversold here at 23%, if-when it reverses back up i would be heavy long this market for a rally...

i am watching two short term indicators on P&F that are very oversold as well..they "could" signal a nice bounce play soon..

today maybe the washout low i am looking for..

[Justa Werkenstiff]

Market: Okay, my bearish market take is coming into play. A rally off the lows intraday and into the close is the worst thing that could happen as far as finding a bottom.

[ajtj99]

Agreed, the SOX is acting totally contrarian to the market right now. Sector rotation from the BTK?