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To: jjstingray who wrote (101184)7/12/2004 6:37:47 PM
From: Shack  Respond to of 209892
 
index itself looks like it is in a 4

Just to re-iterate, I think there is a decent chance that the SOX is actually not in a 4 but rather its into a big 'B' wave off the Jan highs. The down move is starting to get a slope that looks less and less likely to be a minor correction. Of course we won't know until/if 393 falls so for now it is probably the right move to treat it as a '4' even though many components have already overlapped their 1's.


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