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To: AllansAlias who wrote (22033)11/21/2001 2:46:33 PM
From: Paul Shread  Respond to of 209892
 
SOX is backtesting the breakdown point; if it goes through, I'd say it's bullish (duh). If this wasn't the day before a holiday before a very light trading day, I'd try an SMH short here.

Would be a very interesting set-up if it didn't get back in by the time the C up is completed.



To: AllansAlias who wrote (22033)11/21/2001 2:49:36 PM
From: Shack  Respond to of 209892
 
-wiggles-

It would not be a big up wave. It would be a wiggle 5 wave up on the OEX off the wiggle 'b' low its putting in here.

I don't think the SOX would head back into the wedge, although it would be a nice backtest.

I think a short at the next top could be very lucrative but I will watch to see if this wiggle rally even unfolds.