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Technology Stocks : Full Disclosure Trading
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To: Return to Sender who wrote (4599)2/26/2003 1:47:47 PM
From: Jacob Snyder  Read Replies (1) of 13403
 
OT SOX:

Yes, I see what you mean. In the last two weeks, we have a rounding top in the SOX, peaking just below the 50DMA. On the other hand, it could just be a plateau, on the way up to retest the December or January highs.

I think, at some point in 2003, we are going to get another big rally (similar to the end-of-2002 rally in the SOX), and I am positioning myself for that. The buys I'm making are small increments; sitting on 45% cash at the moment.
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