exp, ya, I like being unbiased, however, my last "to the hills" was good only for a 45 points swoon down by the naz, rapidly followed with a 100 Naz run up which my unbiased turnips completely missed... (g).
As for the Sox, yes, if "they think" like criminal, the 385 area would be a good one, bu frankly, the failure to close above the 8/22 high, though it printed just an iota higher, is not a good sign. During the whole decline since 2000, only last March did the sox penetrate the higher BB, and that March extreme was so bad that 7 months later the SOX was 68% lower. I fear that the current "kissing" of the higher BB, while the BP has nowhere to go but down (see the big difference in the BTK numbers, a sector I am preferring for any run up), and I now have a possible new target for the SOX of 184 in the next six to nine months.
Zeev
Zeev |
