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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (17301)	6/7/2001 7:23:21 PM
From: ajtj99	Respond to of 30051

Larry, I'd like to point out that the last time the SOXX stochastics were this high was on May 21, when it peaked just below 700. Over the next 6-sessions the SOXX dropped nearly 120-points (17%). Also, the last time there was momentum in that move. There is none on this one. I'd post the SOXX chart, but it doesn't seem to lock my settings in when I do it. As you know, the SOXX is a pretty strong leading indicator. I'm just saying don't get too attached to your scenario. It has the weakest probablility of unfolding, IMO.