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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: thebeach who wrote (40355)	7/31/2001 9:24:13 AM
From: Peace	Read Replies (2) \| Respond to of 50167

Keep an eye on the SOX. The semis will lead this market up. It is a bit extended but looking ready to rock. A close over 620 will be the first hint of an impending surge. Once we get over the 640-650 area the folks looking for that 5th wave down and sub 400 dreams will be coming around as the sox targets the 950 area in the next leg up. We needed to stay above 500-510 during the last pullback which we managed so far. The other area to keep an eye on is the financials. The NFA (NYSE financial) survived the 600 level again. A close over 620 here again will be the first cue to challenge the 52 week high (662).