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To: Les H who wrote (380)	6/20/2001 8:32:58 AM
From: ajtj99	Read Replies (2) \| Respond to of 29597

Les, with that warning and Infinion's today, the SOXX should breach resistance at 575 (actually more like 584-7 lately). Below that there is a big drop to the next point of resistance at about 525 (I mistakenly referred to this as a gap on Steve's board, but what I really meant is a huge channel with nothing to stop a sinking Index). I've been trying to rationalize a bottom next week with the very oversold condition in the market right now. I really can't see how we can get to the 28th without a bounce. Consequently, I can't see how we can stay above 1850 near term. The solution may be all the bad news for the SOXX is out before the B2B report, the SOXX oversells and the COMPX hits 1850 on Thursday, and we get a nice bounce on Friday after the report that carries into next week. It may be that we have a divergence, with the Nasdaq hitting a local bottom this week and the NYSE and DOW hitting next week. The tough thing is that I'm interested in putting our employee retirement fund in for a 5% bounce on the OEX and SPX, but I have to give notice before the market open to get the end of day price on the index. That makes it decision time for me on Thursday early AM. If futures indicate a substantial breach of 1940 on Thursday AM, then it's an easier call. Are you still in the July 30 bottom camp on the COMPX, Les?