ajtj99's Market Pulse

[ajtj99]

Yup, I see that. Price objective 520 on the SOX. That's a fair read, as we've got that high at 518. That was one of the areas I thought might make a good pivot high when I was looking at different scenarios last week.

http://stockcharts.com/def/servlet/SC.pnf?c=$SOX,P&listNum=1

This run looks stronger than I thought it would. Why? The NDX is leading, not lagging. The NDX / COMP point gain ratio is around 0.86. Normally it's much lower than that at local highs.