A close below 20 day MA could potentially seal the deal here.
Back above that tri-star and bear bets wold be real iffy.....
SOX - Breakout/Fakeout in the works?
Started by
K Wave
, Dec 12 2013 01:28 PM
2 replies to this topic
#1
K Wave
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Posted 12 December 2013 - 01:28 PM
That tri-star formation looks important.
A close below 20 day MA could potentially seal the deal here.
Back above that tri-star and bear bets wold be real iffy.....
A close below 20 day MA could potentially seal the deal here.
Back above that tri-star and bear bets wold be real iffy.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2
SemiBizz
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Volume Dynamics Specialist
Posted 12 December 2013 - 01:57 PM
Last Day of Volume looks more important to me now 11/21
I expect some kind of test there before this is over.
Of course that platform at 510 can be tested at any time for resistance now.
( 11/21 Range 497.53 - 504.52)
http://stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=0&mn=1&dy=0&i=t11932156743&r=1386874577971$.png
I expect some kind of test there before this is over.
Of course that platform at 510 can be tested at any time for resistance now.
( 11/21 Range 497.53 - 504.52)
http://stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=0&mn=1&dy=0&i=t11932156743&r=1386874577971$.png
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#3
K Wave
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Posted 12 December 2013 - 04:09 PM
SOX PLOWS through 20 day MA
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
