Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (46224)	2/15/2013 9:59:47 AM
From: robert b furman	Read Replies (1) of 221496

Sox just broke out of long term resistance over 400. screencast.com There is a long 6 year triangle that Sox is just breaking out of right now. I would expect a backtest and then lookouot for a looong run. All of the tech bubble that popped in early 2000 made its run from October 1998 to March 2000. During that explosive run up most stocks declined via the cum adv/decl graph. So tech is/can be the final wave 5 sector run to play. This now appears to be the run of wave 3 - so we may be early or it could be a multi year event. Tech has been so out of favor for 13 years it is time for it to get some respect. Could be one you put a stop on and let er run.

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