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To: Sarmad Y. Hermiz who wrote (1201)7/15/2002 2:35:17 PM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: Honestly Sarmad I don't think 343 will hold either for the SOX. Each test (3 of them) so far has been slightly lower (a few decimal points) and each bounce back so far has shown less strength.

I have a target of 750 for the SPX and 1200 for the NASDAQ in mind although all I have done so far is eyeball these levels on long term charts.

The SOX has to fall further if those numbers come to pass.

The good news is that if we continue down at this pace we could get capitulation and a summer rally still.

RtS