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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (16838)11/23/2002 8:37:30 PM
From: exp  Read Replies (1) | Respond to of 30712
 
ZEEV, this monthly COMP chart provides a clue on how to tell the bull market from the bear market ... just watch the candle after the two dojis:
stockcharts.com[r,a]mhclynay[d19980101,20021123][pb20!b50!d20,2!f][ili10,10!lh5,5!lp14,3,3!lb14][J7991000,Y]&pref=G

and this monthly SOX chart shows that this is the most successful SOX rally (%-wise over 2 months) since March 2000:
stockcharts.com[r,a]mhclynay[d19980101,20021123][pb20!b50!d20,2!f][iLi10,10!Lh5,5!Lp14,3,3!Lb14]&pref=G

Zeev, based on your comments, you think this SOX rise is a new mania and not based on fundamentals, right?



To: Zeev Hed who wrote (16838)11/23/2002 9:33:22 PM
From: farkarooski  Respond to of 30712
 
<<and I now have a possible new target for the SOX of 184 in the next six to nine months.>>

that is a 50% haircut ...
the SOX might be bald with that kind of action !!!



To: Zeev Hed who wrote (16838)11/23/2002 10:15:14 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 30712
 
Zeev: Re: "I now have a possible new target for the SOX of 184 in the next six to nine months."

Well, you have one foot in the lower-low door now and I anticipate the other foot is not far behind <g>.



To: Zeev Hed who wrote (16838)11/23/2002 10:47:38 PM
From: orkrious  Respond to of 30712
 
and the stocks will still be overvalued <g>