What about the semi's?
Posted 28 December 2006 - 05:47 AM
Posted 28 December 2006 - 07:38 AM
Hi 2cents, thanks for the SOX information and the nice charts. IMHO, SOX could possibly drop to 250 by late 2007 or earlier and tag its 2003 bottom and SMH could tag its 2003 low around 20. IMVHO, SOX and SMH are looking over the precipice.
In short, NO. In fact while the DOW and broader markets have had a good year it was terrible for the SOX. Maybe they'll bottom in 07 but it will be late in the year at best. The trend I plotted months ago is still in play and the minimum target is still 350.
Edited by Bob-C, 28 December 2006 - 07:41 AM.