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To: Gottfried who wrote (9187)8/4/2004 1:51:16 PM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: I would start with watching volume on the SMH:

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But I have volume on all the SOX components starting in the post below. The longer term charts are most important because they show clear directional trend changes. Volume is one of the most important indicators. Bottoms actually form when the volume of selling gets much lower than the higher volume drop before the bottom. The lower Bollinger Band may actually be touched on monthly charts as the longer term moving averages get low enough to be overcome when the next cycle begins:

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I've done charts in all the various time frames for the major averages, all of the sector spiders and even the Wennerstrom Equipment group. They are good references for me when looking at the various time frames especially.

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RtS