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Pastimes : clx stuff

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7kidstofeed
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To: 7kidstofeed who wrote (3548)11/26/2025 9:51:32 PM
From: #Breeze4 Recommendations  Read Replies (2) of 3709
 
7ktf, here's a chart of SOX vs SOXL. I marked the highs and lows of each. First, SOXL price patterns bears no resemblance to SOX. Second, note the higher highs on the SOX chart. Not so for the SOXL in fact SOX made an ATH not so for the SOXL. SOXL holds financial instruments like swap agreements, securities of the index, and ETFs that track the ICE Semiconductor Index. The swap agreements are derivatives. When I provided a target for SOXL I didn't take into consideration for the decay that occurs for the SOXL. SOXL is a trade vehicle. Bottom line I'm unable to give you a price for SOX that relates to 92 on SOXL. However, if you were fortune to buy the lows on SOXL and rode it to a top you'd have 20x,11x, and 7x (to date) multiple returns. Also I will continue the wave count for SOXL and get a sense of the decay on this next bull run. Breeze

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