Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: skinowski who wrote (307)	4/15/2008 10:14:52 PM
From: AllansAlias	Read Replies (1) of 3209

Agreed. From the weekend: Semis: We've posted a few SMH and $SOX charts. This one is very interesting. It should pop here shortly, but the key is what happens after that. If the SOX prints over about 400, it switches to longer-term bullish map. The cleanest read, imo, is that it goes down again after the pop. Until and unless it gets over 400 SOX, the longer-term trend remains down for me. point of order: I never mean, and I take no one else to mean, an exact number when we are posting charts. I keep talking about SPX 1410. Hell, that's plus or minus 15 points. SOX 400 is plus or minus 10. You get the idea. No one can hope to be any more exact than an approx. number.

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