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Strategies & Market Trends : Classic TA Workplace
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To: Galirayo who wrote (131056)3/22/2006 10:00:25 PM
From: robert b furman  Read Replies (1) of 209892
 
HI Ray,

Regarding your SOX chart,

annotate
click on andrews pitchforks
hit the 376.64 low first,
413.00 low second,
486.34 high third and it should show a lower tine right at 490 and risinf fast.

Could be strong support level as a reversal is staging.

Both Semi's and semi equipment are still holding IBD's top 20 industry groups - not so much from new highs but rather good relative strength.

Sometimes the stocks that resisit the sell off days are holding their own as money rotates into them.

It could be tech will get legs.

IMO

Bob
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