Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (30721)	2/18/2002 9:54:57 AM
From: Jerry Olson	Read Replies (2) of 99280

Zeev right now as a P&F chartists i am watching what we call the Semiconductor Bullish Percent roll down from a high of 78% late Dec Jan time frame which in P&F speak is very overbought, it has rolled over and moving down now to near 30% which is getting oversold.. so what i look for is this continued move lower below 30%, and THEN the reversal back up in the BP to what we call a BULL Alert status... i will buy them there and then...it would not surprise me to see the SOX if it breaks 500, move to about 450/460... but the index has been the best of the whole lot...

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