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To: robert b furman who wrote (3259)	12/14/2002 11:43:36 AM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

OT: Your scenario could prove to be correct but even if it is the SOX is still not that oversold at all. The Williams can remain in the oversold area for a long time before the next earnings season begins like last quarter for instance. stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G However, If the SOX finds support at the 50 day moving average we could rally off that back higher. I do not hold out much hope of a quick reversal if we get a close below 302 on the SOX. stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G I am look for an RSI nearing 30 again on the index before thinking we are near another bottom. In addition the longer term charts both weekly and monthly stochastics suggest we could have more downside ahead. stockcharts.com[h,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G RtS

To: robert b furman who wrote (3259)	12/14/2002 1:13:44 PM
From: Return to Sender	Respond to of 13403

Robert the PnF chart shows the importance of the 50 day and the rising trend line at basically 300 on the SOX. If this area holds then we could have a Santa Claus rally. stockcharts.com It just is not too likely to happen in my opinion because the more I look over the work done by Vesselin in outlining charting methodology for discerning market tops and bottoms the more certain I am that we have already seen a top and are heading for new and probably lower bottom. investorshub.com RtS