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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (123705)	9/6/2005 9:10:20 PM
From: Henry J Costanzo	Read Replies (1) of 209892

SOX......Funny......you seem to be getting chilly feet, while mine seem to be warming up in those SOX....g.As you may recall, I had been calling a 470/80ish SOX top....based largely on c=a, a .62 retrace, and some TA stuff. But I had been counting the wave up from April as a C up, and I've been more and more bothered that that would have to have another impulse up from here (the 5 of C)... Based on that latter EW consideration...and also taking another look at TA....(plus things like BRCM).......I've been thinking now that we should look for another leg up here....maybe up to the 510/520 area of April 2004. Re misc.....Had posted earlier......before your GE call....that it will be interesting to see how long it takes GE to overcome its falling 50d MA.....lol

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