If I had to pick one chart that sums up the day and holds the bulls together for now it is the weekly chart of the SOX (semi-conductor Index). As you can see, we did a critical bounce at 200 week moving average and trendline support off 2004 low. It is vital we close above these levels going forward. It is all up to the Feds now and how much bad news has been priced into stocks.
This entry was posted
on Wednesday, June 28, 2006 at 2:44 PM.
