Doldrums indeed. Markets are range-bound with a bearish bias. SOX has not been able to regain its footing so far and option players are doing a solid job of pinning price. Watch oil, the only catalyst for minor swings. The SOX did find support at 489, a few notches above my 486 target, so don't count the bulls out completely next week if this is indeed a turn. Watch 500 level.
This entry was posted
on Friday, March 17, 2006 at 8:27 AM.
