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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (129807)	2/22/2006 11:10:13 AM
From: bcrafty	Read Replies (1) of 209892

Shack, while I agree that SOX currently has potential, I was puzzled with your remark three days ago when you said that "in the long term the SOX remains one of the least bullish sector charts for me". Could you explain a little more on why you feel that way? To me, looking longer term, on the weekly I see an ascending triangle that tends to affirm mc's view of going much higher, although before going higher I could see it going to support at 509 as it's a bit overbought now. stockcharts.com[h,a]waclyyay[df][pb10!f][vc60][iLah8,17,9!Lh14,5]&pref=G In the short term, with your wedge scenario off the January high, if you bought today what would be your target for an exit?

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