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Strategies & Market Trends : Classic TA Workplace

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To: marginmike who wrote (8918)	8/3/2001 12:06:01 PM
From: UnBelievable	Read Replies (1) of 209892

SOX Fell Out Of The Rising Wedge This Morning While the target for this move should be 560 to 580 it is likely to find some support at 630. Since a rally back to the break down line is frequently seen you may want to consider covering all or a part of what you got either at 630 or if we getting a selling frenzy towards the close, and then re-short after the bounce. Having said that the SOX has, the last few times it has brocken down gone down fast over a few days. So, since you have made a lot more money than me at this, you figure out what you should do. <gg>

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