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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (135502)	8/11/2006 5:45:49 PM
From: Henry J Costanzo	Read Replies (1) of 209892

KLAC has the largest influence of any stock in the SOX...1 1/2 times more punch than the next most influential, which is LLTC. It is the 8th weightiest stock in the SMH...Sooo what happens in KLAC counts. Just looking at chart now, Shack, agree bearish take ...but also struck me there may be an H&S top lurking in there. Need to look more carefully...may try posting a chart later....One question would be whether there would be any "return to neckline" that should be looked for in that picture. Just so happens that when your post showed up I was fiddling with ratio charts...SOX/NDX and NDX/COMPX.. Clear, of course,that both SOX and NDX weak sisters..SOX dragging down NDX, and NDX dragging down COMPX...but I see nothing in those charts to indicate any change soon.

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