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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (3650)5/29/2001 9:53:40 AM
From: JRI  Read Replies (2) of 209892
 
AA- Whadda think about continuing to hold onto SMH (short, of course) as COMPX approaches 2200?

2200 seems like a natural bounce and jello point for COMPX....likely testing our patience much of today....but, as you noted in your charts, if SMH break 639, 600 is a virtual shoo-in...although I can comprehend the possibility of SMH, NDX, COMPX all doing a coordinated bounce here soon (since they will all hit support near/at same time)....I'm concerned that SMH is going to go down hard and fast after any break of 639....don't wanna miss that train..

Any thoughts here? Think the decision to cover SMH is the same as NDX/COMPX here?

edit: Looks like SOXX is going thru 639 quicker than I thought....adds more ?? to me, since looks like SOXX will be a decent piece under 639 if/when COMPX hits 2200
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