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Politics : Idea Of The Day
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To: Peace who wrote (40362)8/7/2001 1:52:49 PM
From: Peace  Read Replies (1) of 50167
 
Sox bouncing off its first fib support (606) of the most recent rally. We could see a pull back to 592 or 578 but that should be it. After the Intel negativity yesterday and CSFB's downgrade of the semi equipment sector today all we have done is come back to first fib support. This is hidden strength. All of this may change but only a break of 550 on Sox and 600 on NFA will kill the bullish case. (at least for me)
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