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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (7975)	4/19/2005 4:23:46 PM
From: Walkingshadow	of 8752

Maybe, but remember we saw a rally from May to Aug 2003, and a V-bottom rally in early Aug 2004 after a spring/early summer correction: 139.142.147.218 So while the summer doldrums are kind of conventional wisdom, it is possible to see variations. I think the $34 level is too low. We might see some sideways- to modestly higher price movement through the summer (depending on what happens with the $SOX), but I think the lower end will be more like $35. There's solid chart support there, and price movement below $35 would violate the long-term trend and imply a change in that trend---highly unlikely, IMHO: 139.142.147.218 T

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