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Strategies & Market Trends : Point and Figure Charting

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To: accountclosed who wrote (21515)6/21/1999 1:37:00 PM
From: Ms. X  Read Replies (2) of 34811
 
Semiconductor sector.

Well, I'm seeing it again. When this sector gets above the 70% level, I've found the stocks just move like crazy. It's like everyone just figured out the sector is hot and they all want a piece of it. The momentum really starts to pick up.

Remember though... the sector is at 74% and still moving up. This is where you really pay attention to the momentum and RS positioning. If you have positions in this sector continue to watch the BP in semi's for any sign of weakness. If the sector does reverse (not even close now) you know how to look after your positions.

I'm just posting this as a reminder, not an omen at this point. I see no problems except INTC of course.

Enjoy the ride for now, be responsible when it looks to end.

Jan I am
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