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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (307)	4/15/2008 6:26:45 PM
From: rcksinc	Respond to of 3209

ski If INTC retraces to the .5 level (23 area) and the top of the wedge and the spx retraces .5 of its full drop from 1576 to 1256 it will land at 1416. A certain symmetry there, IMO.

To: skinowski who wrote (307)	4/15/2008 10:14:52 PM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

Agreed. From the weekend: Semis: We've posted a few SMH and $SOX charts. This one is very interesting. It should pop here shortly, but the key is what happens after that. If the SOX prints over about 400, it switches to longer-term bullish map. The cleanest read, imo, is that it goes down again after the pop. Until and unless it gets over 400 SOX, the longer-term trend remains down for me. point of order: I never mean, and I take no one else to mean, an exact number when we are posting charts. I keep talking about SPX 1410. Hell, that's plus or minus 15 points. SOX 400 is plus or minus 10. You get the idea. No one can hope to be any more exact than an approx. number.