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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Paul Moerman who wrote (10101)	2/5/2002 12:35:13 PM
From: J.T.	Respond to of 19219

Good question. I would key off the current read SOX 542. If SOX breaks below 538 from here during the rest of the day and stays below 538 for more than 15 minutes the answer is NO. If we break back above SOX 548 the answer is YES. We could get a one day false break close today and turn back up tomorrow. Here is my rydex read from Sunday night: Message 17003482 4)Lead tech sled dog index SOX is also above both the 50 and 200 day MA's and has closed above important SOX 550 for two consecutive days. We may fall back below this level for a day maybe two, but my bet is SOX will take out SOX 600 before the johnny come lately pile onto the party. Oh, and by the way, SOX closed UP 5.7% for the month of January. Best Regards, J.T.

To: Paul Moerman who wrote (10101)	2/5/2002 2:43:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

YES. The rally is ON. SOX 538 never got breached since this post this morning and SOX has now traded above SOX 548 for 15 + minutes unlike the earlier test after the post below from this morning: ...I would key off the current read SOX 542. If SOX breaks below 538 from here during the rest of the day and stays below 538 for more than 15 minutes the answer is NO. If we break back above SOX 548 the answer is YES... charts-d.quote.com:443/1012938194770?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:SOX.X&Interval=1&Permission=367113&Ht=400&Wd=600&Display=0&Study=RSI&Param1=21&Param2=0&Param3=&FontSize=10 SOX now at SOX 552.17 Best Regards, J.T.