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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (115)	6/27/2001 9:22:33 PM
From: John Madarasz	Read Replies (1) \| Respond to of 1328

Re-Draw on the daily XCI... (see chart from post #115) after breaking through overhead resistance at 800, it looks like a pattern of a rising wedge, or flag is being drawn. Resistance at 825 and 50DMA Security Trader notes that these "snap back rallys" are common after nasty stick breakdowns... watch for a bearish break of the lower trendline, or a close over resistance to give a good signal stockcharts.com[h,a]daclnnmy[da][pa735!a800!a825!b50!a882!f] This index is a nice indicator of general tech...and large cap semi's which help drive the NDX/comp XCI components: mobydata.com