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To: Jan Crawley who wrote (6327)7/10/2003 1:08:01 PM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: I think that the sector has already been talked up. The longer term bias is still up. That needs to be respected. However the SOX chart is showing a top is in as of yesterday.

Now all we have to do is wait patiently for the index to drop towards the lower Bollinger Band where it will show oversold stochastics again.

Then unless the economy, earnings reports and outlooks really disappoint the market the upward momentum should easily reassert itself.

Time will tell but I think 355 on the SOX is good downside buy target today:

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14]

RtS