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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (140070)	1/9/2007 3:36:29 PM
From: Henry J Costanzo	Read Replies (1) of 209892

Still trying to absorb what happened to my two fave mo-mos while I was out, so haven't paid attention to anything else.. Yes...looks like BRCM breaking out... moving above converging MAs ...avec volume, too. But SOX/SMH still seem reluctant to make any fancy moves..Once again, seem to be breaking out, but without any flare. BRCM the biggest lever in SOX today...followed by MXIM and KLAC..so we seem to be dealing with stocks with some staying power, and not with dead cat bounces. Same in SMH....ADI not doing a helluva lot...but looks very constructive.. Maybe the same with INTC (which I shamefacedly confessed to buying the other day for the SOX/SMH wedge breakout...vbg)

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