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

To: Jack of All Trades who wrote (127851)	1/9/2006 8:39:42 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

[SOX] Just warming Up to your Upper Blue Mid Tine ?? stockcharts.com The one near 575 ?? ttrader.com

To: Jack of All Trades who wrote (127851)	1/10/2006 9:23:13 AM
From: skinowski	Respond to of 209892

Nice chart. I think $SOX is very easy to interpret as multiple "threes" - on your chart, it is ABC-X-ABC, with "X" ending at the October low. I don't have any problem - so far - thinking along similar lines about NDX and SPX. My dilemma is that there are strong I-T arguments to be made right now for both the bearish and bullish sides. Will step lightly for now. An impulsive looking move on SPX down from here to under 1245 - especially if followed by a bounce accompanied by a lot of optimism - would be likely to signify the end of the Bull market. Otoh, if we get a sidewise chop, with bears getting all excited - I'd look at the long side.