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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (29877)	9/15/2000 9:02:33 AM
From: martin001	Read Replies (1) of 42787

Donald - re: SOX I agree with your assessment that the SOX is the index to watch - yesterday you pointed out that the SOX was lagging as a warning sign. Can the NAZ rally w/o the SOX? Not likely (or at least not strongly) Another observation - I have a declining channel beginning from the 9/1 close. ( upper boundry 1168-1000 lower boundry 1118-985)Yesterday was first day that the SOX moved above the upper boundry and even with the EOD selloff remained above it. Also a higher low was made so I would say that if the SOX remains above 1000 then it should make a move back to retest the 1168 high at 9/1. The weakness in INTC does not bode well for the SOX but it seems likely that it will at least fill the gap at 64 1/2. FWIW Martin

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