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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: AllansAlias who wrote (26934)8/7/2000 1:19:56 PM
From: AllansAlias  Respond to of 42787
 
James,

On a s-t chart (say, 10min or less) you will see the SOX building a rising wedge pointing to that 955/960 area I referred to. It would not surprise me at all to see this breakdown very shortly.

--Allan



To: AllansAlias who wrote (26934)8/7/2000 1:32:05 PM
From: James Strauss  Read Replies (2) | Respond to of 42787
 
Alan:

The SOX 960 area looks similar to the 900 area we saw back in May prior to the move up...
bigcharts.com

Notice the rising bottoms for the past two days...
bigcharts.com

Notice the rising double bottom for INTC, the proxy stock for the SOX...
bigcharts.com

This, in conjunction with the rising Utility Index prices is a positive sign for the markets...

I've also done some trades in ICGE and BHH today...

Jim