Two Days Late And Dollars Short?
How does the TradersWire Interactive service
differ from other “news” services? For one, we give you information
that is not only timely, but that you can use successfully in your trading.
Today, CNBC is commenting on how strong the Semiconductor Index
(
SOX.X |
Quote |
Chart |
News |
PowerRating)
has been of late. Where were they two days ago?
7-31-2001
Semis to lead market higher???
The Semiconductor Index
(
SOX.X |
Quote |
Chart |
News |
PowerRating) is staging an angular Rule of Four
Breakout on the daily chart. The SOX is currently up 12.81 to 618.41.
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The SOX is up nearly 40 points in the last two days, giving
members ample time to take part in trades in the Semiconductor Holders
(
SMH |
Quote |
Chart |
News |
PowerRating),
up nearly 5 points since the alert, or several semiconductor issues that
have made multiple-point gains after our profile, such as KLA-Tencor
(
KLAC |
Quote |
Chart |
News |
PowerRating)
and Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating), which have both risen nearly 5
points in the past two sessions.
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Even the best of patterns fail the longer they play out, and the
SOX is tracing out a bearish tail as the session goes on today. This may be the
end of the move, but so what? Traders have at least had the past two trading
sessions to cash in on the move, while the TV watchers, if this is the end, have
received late information that may end up costing them.
Until tomorrow,
Duke
P.S. If you have strippers
show up to your home unsolicited, beware.