The Black Box

[mjk]

Here's another thing to look at with the sox...96 weekly off the summer lows, rises to about the 50 week, corrects to the 13ema, then takes off. We could fall down to the 13ema weekly this time (50dsma), which I'm sure would have everyone saying the sox sucks again, then take off and be right on track. If this is the case, my last post about getting a new high first will definitely be wrong, but I don't think it matters....I think the sox is going to do something similar to what it did right there in 96.

http://stockcharts.com/def/servlet/SC.web?c=$SOX,uu[e,a]waclyyay[d19951208,19971208][pd20,2!b50!c20!....

http://stockcharts.com/def/servlet/SC.web?c=$SOX,uu[e,a]waclyyay[dd][pd20,2!b50!c20!c13!f][vc60][iUb....