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To: Terry Whitman who wrote (45303)	6/7/1999 10:03:00 PM
From: NickSE	Read Replies (1) \| Respond to of 86076

Elmer, P&F chart on SOX sux. It has been stuck in a nasty trading band since Jan. and has probably whipped most traders to shreads. It has given a minor buy signal at 400 with a major buy signal looming at 430 if we get there, so I'd say the stop looks ok. Just keep on your toes, cause some of the big semis are close to giving buy signals. -ng- SOX may be close to a top here- 420 level has been met with selling every time it has surpassed it for the last 5 months. Should be a low risk short if the SOX breaches 420 and starts to reverse. I'd put a stop loss at 430 (new high). BTW, check out this pretty chart - cpcug.org Nick