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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Sam Citron who wrote (4338)	7/26/2002 10:29:54 PM
From: Gottfried	Read Replies (1) of 95531

Sam, PnF is slower to give signals. Candlesticks are day to day. Look at the PnF chart stockcharts.com The buy signal was given when the second column of Xs [from the right] reached $19.50. I was never cancelled because subsequent columns of Os never got down to $16, lower than previous column of Os]. The three rightmost columns of Os show higher lows. That buy signal occurred on July 5. when price exceeded $19.50 intraday. Prices are OHLC Fri 05-Jul-2002 18.7000 19.6100 18.6000 19.5400 29767300 Wed 03-Jul-2002 16.2700 17.7800 16.2600 17.7500 54249000 Tue 02-Jul-2002 17.4600 17.8100 16.4600 16.5700 66170100 Mon 01-Jul-2002 18.3500 18.7700 17.4900 17.5400 39764600 On the candle chart you can imagine a trendline connecting the bottoms starting July 1. It slopes up. stockcharts.com[l,a]daclnimy[p][vc60][iUe12,26,9!Lc20]&pref=G The bottom of July 2. was never breached again. Since PnF gives no more than one signal a day - and no signal at all on many days - it is not favored by day traders. [there are some who have custom programs to make 5 minute PnF charts] Gottfried

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