Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (3510)	5/24/2001 5:47:49 PM
From: Shack	Read Replies (1) \| Respond to of 209892

While I think the SOX move here is corrective, I think it could still go a long way with its 3 wave move. A '2' can retrace nearly all of the 1. It means no new highs for the SOX but it will be dragged along with the rest of tech which actually doesn't count too bad as impulsive up. And with MSFT on the verge of a MAJOR breakout, I am not going to bet against tech. The COMP/NDX have no Elliott violations for this not to be 5 of C. Of course when its all said and done, I agree with you...sell the rally.