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 Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (50512)2/4/2004 10:32:01 PM
From: AugustWestRead Replies (2) of 57110
 
What do you make of the SOX chart?
We're gonna pierce the 100 day tomorrow with weakening RSI.
Does it look like we could get a reversal tomorrow?

I'm thinking maybe drop 475-480 tomorrow then finishing well off the lows.
Its just that the past week or so, it's felt way too easy to be on the short side.
Most longs probably getting nervous about here.
I didn't see much bottom fishing today near the close
which would more than likely have been J6P, I think they tried it yesterday near the close and this morning.
Tomorrow they panic and sell to the professionals who are waiting there to pick them up for a 5-8% bounce.
Then sell they'll sell 'em back to the suckers.

Sound possible?
Or should I go out and shovel more snow?
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