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To: Shack who wrote (91798)2/19/2004 9:15:03 AM
From: skinowski  Read Replies (1) | Respond to of 209892
 
Interesting point, thanks. I think we should remember that even though those suckers like to overshoot - sometimes, yes, they "hound" - and sometimes they "fail". From the POV of a wedge, SMH trading below 40.40 would be very negative.



To: Shack who wrote (91798)2/20/2004 1:35:42 AM
From: Perspective  Respond to of 209892
 
Of all the indicies, $SOX is one of (if not THE) most cyclical. It's interesting to note that, in the last decade not ONE up cycle has lasted more than eighteen months:

finance.yahoo.com^SOXX&t=my&l=on&z=m&q=b&c=

We're now in month seventeen off the last lows, but who's counting, eh?

BC


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