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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (22628)	7/23/1999 12:12:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 34810

WOW that's one of the most professional asessments of any TA i ever heard...super nice Jammy..super nice... soooo....i will be semi cautious of the semis<g>... i have raised a lot of cash sweetie..a lot...

To: Ms. X who wrote (22628)	7/23/1999 2:12:00 PM
From: James Strauss	Respond to of 34810

Jan: Excellent SOX analysis... And a good warning... Using a simple 10 day or 13 day Exponential average can be another way to be alert to a possible top... Once the SOX Index starts dipping below these moving averages and stops short of breaking through them to the upside you've got a possible downtrend in the making... Another test after the 10 and 13 day MA are violated is the 50 day MA... That's usually a good support area for bounces... If that fails, there can be a more rapid drop to the 200 day MA... Most of the time that will offer support... clearstation.com Currently the SOX is below the 13 day MA... The next test is in the 460 to 465 area on the 50 day MA... Jim