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Strategies & Market Trends : News Links and Chart Links

SPXL 221.78

-0.3%

4:00 PM EST

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To: TREND1 who wrote (10088)	3/17/2004 6:09:28 PM
From: Return to Sender	of 29602

SOX Components of Six Month Daily Charts: investorshub.com The post above and a couple more after it will show that the SOX and its components have put in a short term bottom. Les's data tonight should confirm this with a phase change to up. That being said I completely agree with you that the intermediate trend as shown on weekly and even monthly charts is now down and not just for the SOX/SMH but for most technology industries as well. If the downward bias is to be broken it will take a great deal of institutional buying. We have not seen that in quite a while in this sector. RtS

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