SOX and NDX: Strong ST Buy

SOX
The SOX play discussed yesterday is still in play today. That play calls for a close higher 294.95 by Wednesday. However the SOX closed down again today for the 5th consecutive day. When we run the same study last night, but looking for 5 consecutive days, the results are rather impressive. There have been 15 previous instances, 14 of which closed higher within 3 days (or 93.33%).
(Note: Column '3Day+' indicates the number of days it took the SOX to close higher than the trigger date.)

Ticker						Date/Time				Close				3Day+				PChg N1						PChg N2					PChg N3
^SOXX						8/3/1995				261.97				1.00				1.16						1.33					2.15
^SOXX						9/26/1995				270.37				1.00				0.72						5.04					1.74
^SOXX						10/21/1996				192.30				2.00				-1.66						0.61					-1.44
^SOXX						4/15/1997				263.06				2.00				-0.72						1.59					0.05
^SOXX						8/12/1997				374.26				1.00				1.60						2.33					-0.07
^SOXX						4/28/1999				378.42				3.00				-1.64						-2.15					0.59
^SOXX						12/13/1999				631.04				0.00				-6.82						-4.04					-0.08
^SOXX						4/14/2000				892.16				1.00				13.19						17.98					13.53
^SOXX						5/23/2000				869.74				1.00				5.23						3.68					4.59
^SOXX						7/24/2000				1,075.29				1.00				2.70						-3.82					-11.66
^SOXX						6/25/2003				354.22				1.00				2.75						1.48					1.54
^SOXX						2/23/2005				424.02				1.00				2.39						4.64					3.12
^SOXX						3/9/2006				503.53				3.00				-0.24						-0.71					1.50
^SOXX						12/13/2006				467.01				1.00				1.86						1.89					2.02
^SOXX						5/18/2007				491.71				2.00				-0.17						0.27					-1.04
^SOXX						8/11/2009				290.74				0.00				0.00						0.00					0.00

NDX

Today the NDX closed at an 8 day low, while trading above it's 200MA. Historically that has been an ST positive occurrences. There have been 102 such cases. 83 times (81.4%) the NDX closed higher within 3 days.