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To: kodiak_bull who wrote (17775)	11/21/2002 3:15:29 PM
From: chowder	Read Replies (2) \| Respond to of 23153

>>> I don't know exactly which instrument would give you volume bars for the SOX. <<< Is there a Spyder or some other trading vehicle for the SOX? When I want to get an idea for the volume on the OSX, I check the OIH. I will confirm it by checking the volume on a couple of the leaders in the sector. If volume is up for the leading two or three components in the index, the rest are sure to follow. dabum

To: kodiak_bull who wrote (17775)	11/21/2002 5:50:18 PM
From: Sweet Ol	Respond to of 23153

Warp & KB, re. SOXX FWIW, I added some EW counts to KB's chart and note that it looks like the C wave is at the top of its target channel. Usually that portends a CIT is imminent. But, a C wave is a third wave and they can be strong critters. There is a lot of breadth to this rally, so it is hard to say when it is going to end. stockcharts.com BTW, my shorting finger is getting itchy. Best to all, JRH

To: kodiak_bull who wrote (17775)	11/21/2002 6:01:14 PM
From: Warpfactor	Respond to of 23153

KB, With RSI(4) at 87, that is sufficiently oversold to warrant a 1-2 short day play on the SOX, with a nice reward vs risk ratio. I've compiled a spreadsheet where I've backtested trading SOX to 1998 based solely on RSI(4). In real life I've traded SOX (as well as QQQ and BTK) based on on RSI since August. Typically when I make such a play, it will result in a small gain. Sometimes a small loss. But once in awhile I will hit a homer and bag a 5-10% gain. Sort of like playing slots I suppose. Pretty basic stuff - buy when the SOX is way oversold, short when it is way overbought. Do you want to see my spreadsheet??