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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo	8/26/2005 11:41:54 AM
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SOX........Have been posting for some time that SOX late Jul entered topping area .....Looks like Aug 2 did it......at 486... Waves appear similar to those in other major indexes.......now in (iii) down of 3 down from the high.....Support/possible downside: 50d MA now at 456 and 200d now at 427...Latter would be about a 50% retrace of Apr-Aug advance......

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