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To: jjstingray who wrote (91788)2/18/2004 8:28:20 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Well, JJ, the only thing I can see that could be bad would be a gap down on non-tech that takes out that support line. Maybe your blue "i" at the top is a "b" high and we're doing a C of 2/B. Or maybe the whole 1 up is something else and we're gonna get another marginal high for an ED?

That said, I'd bet on up, but I can see how tomorrow might not be up big.

Econ numbers in the morning could impact non-tech, I suppose.

the freep



To: jjstingray who wrote (91788)2/18/2004 8:49:27 PM
From: skinowski  Respond to of 209892
 
You may very well be correct with your count, and I like your support line. I haven't realized it's so neat. If it holds up, that would be bullish. A break - or maybe a gap under - would also be meaningful.



To: jjstingray who wrote (91788)2/18/2004 11:01:51 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
The SMH seems to be forming quite the wedge here, pretty much since last fall. This is of course bearish but last summer we hounded up out of one which proved to be a very valuable clue.

Anyway it still looks like it has a few weeks of up before it completes as we would be in the 'v' up. This 5th wave ending diagonal would likely signal the end of the cyclical bull in the semis. Something to watch for sure.