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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (368)	1/4/2002 10:21:46 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

As mentioned on the thread a little while ago, SOX has backed off 16 points from its high and is at its LOD (low of the day). Semi stocks have weakened dramatically. Star performers the last 1.5 days are in the red now. SOX needs to break through the upper Bollinger band AND psychological resistance at 600. That is a double whammy and gonna be hard to do. If we can, it will show how remarkably strong this rally is and make me a true believer, but I lay the odds as pretty low it will break above that. At the very least it need to retrench and build one or two more times.