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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: bobby beara who wrote (29953)2/13/2002 11:24:22 PM
From: ajtj99  Read Replies (1) of 52237
 
Bobby, I just measured a complex H&S on the SOXX with a target of about 320. Can you confirm that? That would seem to be something to watch out for if we test the Sept. lows this year.

I think we almost have to discount the SOXX as a rational trading index, since it seems to stay pumped until the last minute, then dumps like poop through a goose. Look at how it acted last summer.

If the SOXX is going up, the market should trend with it. However, it appears now that the SOXX may not drop quite as much if the market drops soon.
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