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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 9:30 AM EST
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To: advocatedevil who wrote (57235)12/12/2001 12:34:44 PM
From: Jacob Snyder  Read Replies (1) of 70976
 
ST trading:

stockcharts.com[h,a]dahlnymy[dd][pb50!b200!f][vc60]

The SOX went above the 200DSMA, then came down and retested that line. So far, it has held. We are right in the middle of the horizontal range (530-660) where the SOX spent most of 2001. I'm thinking we do a random walk within that range, for the next few months. I doubt we go lower than 530 or higher than 660 (barring another political/military shock, always have to put that disclaimer into any prediction). I still think, that if you just wait, you're going to get a chance to cover your short at 40-41.
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