Aug. 18 at 10:20 PM
$KLAC This couldn't hold the 50dma or 20 & the 4 is kissing the 9. It must hold here & turnaround or it will get really ugly. It's a long way to the 100 though. The Elliott wave is now corrective with the TDSequential demark on a bearish 2. Unless the fractal can tow the line back up to the top this is not going much farther, but it looks like it is already heading in that direction. So now we look at the funky 90d which is counterintuitive but the 90 rules. RSI is only 45 & the biggest moves per point come between 80-100 & the McClellan, the most important indicator, is rising. Williams has bottomed & the SS is almost there. The 90, at the bottom of the LRC, says Buy!
