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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: JRI who wrote (3671)3/21/2001 2:24:26 PM
From: donald sew  Read Replies (2) of 52237
 
JRI,

I really dont follow the fundamentals on the SOX, but am aware of their decline, and if it does continue to decline 500 on the SOX wont hold. But that doesnt mean that it will happen right now/immediately.

Of course if the book-to-bill is really bad, then tha she blows, but I dont predict on how the market will view tomorrow news. I will tell you this, I am not going long again until that news is out of the way, so Im not ignoring it.

What happens if the book-to-bill is flat compared to the previous month. No further deterioration, lousey numbers though. Will the market view that as a strong negative or possibly as a bottom? Heck if I know, so will leave the prediction of the book-to-bill to others.
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