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To: The Freep who wrote (114125)3/1/2005 5:17:36 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
<<.. semis look poised to go up big, >>

..but not before another pullback to complete the 2 correction...???

PMing separately re that cash you're after....3 letters I can't repeat on a family thread....LOL



To: The Freep who wrote (114125)3/1/2005 5:39:40 PM
From: Shack  Respond to of 209892
 
why are you saying the rally will be larger than you think? Is this a question of what 3 (iii of 5 vs iii of 1 of 5?) or something else?

Exactly. I have been working on the assumption we are in a 5 up on the weeklies and we are near the end of the Oct 2002 wave. But lets assume for a minute that the superbullish reads on NT and F are correct. That implies months of rally for those two stocks which admittedly may mean nothing to the broader market.

But it may be a clue that the market has much more to go.



To: The Freep who wrote (114125)3/1/2005 5:46:55 PM
From: Henry J Costanzo  Respond to of 209892
 
Somewhat OT**??

<<I will take cash from any of you to talk up positions you are short or to dis things you are long.>>

PS........Belatedly occurs to me......I completely missed your point...sigh......(Easy to explain, though...Guess I just have a higher opinion of the Freep than he may have of himself......<G>)



To: The Freep who wrote (114125)3/1/2005 8:50:33 PM
From: Henry J Costanzo  Respond to of 209892
 
SOX types not looking very good at all AH....down manana?



To: The Freep who wrote (114125)3/1/2005 9:47:22 PM
From: skinowski  Respond to of 209892
 
It's very hard for me to look at the semis and be bearish

SOX rallied out of 2002 low in 3 waves. It came down (from 560+ to 350) and overlapped with the top of Dec 2002. The recent decline into the Jan 24 2005 low retraced almost 70% of the preceding rally since last September.

Choppy moves, overlaps.... that's what the chart shows. I have no difficulty remaining sceptical about the SOX.


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