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Politics : Idea Of The Day
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To: Logain Ablar who wrote (32165)7/6/2000 9:32:53 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Dear Tim.

SOX 10% near drop is major technical damage, 1046 is for me a important support on SOX we get through it we are on 993 area, I agree that semi cycle is not yet over but I think that with in SOX that move from 180 to 1200 plus and than retracement to 993 contains a lot of this story already built in, it is the question of momentum of semis are we going to see that at the same level, if the answer is yes we go higher if that momentum slowing down may be we will have swift correection to the highs of last cycle move that is 800ish on SOX.. however I am strictly a support and r huy for me let the market show me that let NDX crack and Comp below my levels if that happens we will see a far steeper correction that what we have seen so far in last few days..
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