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SOX INTC & MXIM Charts

 
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arthur
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PostPosted: Tue Dec 28, 2004 6:22 pm    Post subject: SOX INTC & MXIM Charts Reply with quote
The three daily year-to-date charts show the SOX (Semiconductor Index) continues to trade between its 50 and 200 day MAs. Also, INTC is trading between those MAs and MXIM is below those MAs. The difference between the SOX's 50 and 200 day MAs is narrowing. So, there may be a big move to upside or downside soon.

Given the semis underperformed this year. There may be little buying before end-of-the year window dressing. However, there has been enough support for the SOX to hold its 50 day MA. So, perhaps, the SOX will breakout to the upside sometime in Jan.



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