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To: NickSE who wrote (53368)7/29/1999 7:31:00 PM
From: NickSE  Read Replies (1) | Respond to of 86076
 
For all you SOX fans out there...

Semiconductor sector chart = Bear alert status
#reply-10702031

...If the semi sector is at 86% and it reverses down we call that Bear alert and we sell...

#reply-10713768

...Certainly the high percentage that the semi's reached was a warning at the reversal...

Sector signs explained
#reply-10701963

...We often say that above this level you have all the people in that want to be in. The semi's had move to 86% on the chart which is way over bought. Rarely do sectors ever get that high. The "usual" is 70-75% for a high. There is no where for the chart to go but down at that point....