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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (3642)	3/30/2001 4:26:02 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

It will be interesting to see if that plays out Tim. The action in the SOX was not good, it's had support between 525 and 535ish since late nov. of last year, it has been bought at this horizontal price support area. It looks like there is a pretty good chance that it can break down through that zone and that would lead to a bit more of a tech washout. We should watch the action in the SOX index closely early next week. John