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

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To: dennis michael patterson who wrote (5474)4/10/2001 4:15:21 PM
From: Jacob Snyder  Read Replies (2) of 52237
 
Sox is closing today right at former support level. From 11/00 on, the SOX bounced at about 520, 4 times, before support failed early this month. If we have one more strong up day for the SOX, it means we could go to 650 3/01 resistance), even 750 (1/01 peak) isn't out of the question. On the other hand, if we stall here tomorrow, then new lows should be expected soon, as the broken support at 520 is retested from below.

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QQQ should follow the SOX.
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