MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: j.o. who wrote (10889)	4/13/1999 8:35:00 PM
From: Compadre	Read Replies (1) of 99985

j.o.: <<on the SOX do you think that there is potential for a serious double-top forming here? I don't think this is forming a double top in the long term chart, it is more like a huge trading range to me. Since the majority or sox capitalization is most likely in commodity type of stocks, such as Mu, NSM, and TXN. They tend to go into trading ranges. The more advanced industries within the SOX have a lot better growth potential. But once the momentum takes off in one direction or the other they all seem to play follow the leader. This is just my opinion and I am in no way an expert in this field. But I have worked in the high tech field. And I have seen the cycles first hand ( and suffered from them <GG>). Regards, Jaime

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