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Strategies & Market Trends : Classic TA Workplace

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To: At_The_Ask who wrote (59833)	11/18/2002 2:07:18 PM
From: Shack	Read Replies (1) of 209892

I'm not sure what to make of the SOX now. I agree with you that it is somewhat impulsive looking despite the wedge shape. I am far less sure we see a new swing lows in tech on any swoon. If one were to buy the next low, I am still spooked by choosing tech due to what should be massive overhead supply all the way up to COMP 1500. And a completed CSCO ED would be in play on a swoon here. Cetainly the DOW is the best candidate for a short here.

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