AI
The relative performance was not, that was JT and I were making points even though during the last few months performance is relatively similar, SOX was underperforming in longer period. Furthermore, we are looking for a break our from the 7-mo trading range.
Sent you an email.
Good trades
~~~
Posted by: __1Best__
In reply to: Jamestown who wrote msg# 73
Date:4/3/2007 9:42:50 PM
Post #of 84
NDX was outperforming SOX for a while as we can see on the ratio charts. The ratio, NDX/Nasdaq is clearly outperforming SOX/Nasdaq during the last several years. Even though TXN and other major SOX components are performing better, INTC-AMD crushing price performances certainly do not help SOX.
I am hearing that overstocked inventory is now worked off, but we are yet to see SOX price advance. Even though the sector is upgraded, the stocks still show negative sentiment.
Good trading and best wishes! Enjoy
Sent you an email.
Good trades
~~~
Posted by: __1Best__
In reply to: Jamestown who wrote msg# 73
Date:4/3/2007 9:42:50 PM
Post #of 84
NDX was outperforming SOX for a while as we can see on the ratio charts. The ratio, NDX/Nasdaq is clearly outperforming SOX/Nasdaq during the last several years. Even though TXN and other major SOX components are performing better, INTC-AMD crushing price performances certainly do not help SOX.
I am hearing that overstocked inventory is now worked off, but we are yet to see SOX price advance. Even though the sector is upgraded, the stocks still show negative sentiment.
Good trading and best wishes! Enjoy
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