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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (125173)	10/19/2005 11:33:27 AM
From: Shack	Read Replies (2) \| Respond to of 209892

Once the overlap of the putative wave 1 on the SOX occurred back in the summer of 2004, any up thereafter became a B wave for me. That B upwave began in Sept 2004 and given the unpredictability of B's I really don't know where we are therein. Interestingly if the SOX somehow turns up right here to make a new high then it offers some clarity as the entire Sept 2004 move would likely be a rising wedge, but that is speculative for now. I wouldn't be long semis either way.