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From: Jacob Snyder	3/13/2025 5:48:17 PM
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SOX likely to dip to 200wsma in 2025. In 2022, SOX went from 4068 to 2090, a 49% decline. A similar decline from the recent 5932 high, would go to 3025. In 2022, the SOX troughed well below the 200wsma, which is now at 3766. We didn’t have a recession in 2022, and my prediction does not require a recession now. SOX also touched the 200wsma in 2020. When the 50wma fails, the decline doesn’t stop till the 200wma is reached. SOX PE at 29, so valuations are still stretched even with the recent declines. schrts.co

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