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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (51162)	8/26/2002 9:41:52 AM
From: AllansAlias	Read Replies (2) of 209892

This is THE spot for semi's. If this rally is has any more legs for tech, then semi's have to turn now. SOX come back to test the lower line of the up-channel out of the lows, which also happens to be the .382 retracement of the move. It is common for the last dip in a leg to violate the up-channel in a fake-out, before blasting to the final high for the leg. She has to turn here imo or this correction will have no chance to be this shallow affair.

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