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To: Jerry Olson who wrote (37361)3/25/1998 12:20:00 PM
From: donald sew  Respond to of 58727
 
Hi Jerry,

I normally do not use support lines and resistance lines as many do, but the charts on the SOX are showing lower lows and lower highs.

I agree with you on the DRUGs and would include the FINANCIALS, that on a pullback these will have the strength.

The next technical key to the SOX is how it performs on a slight pullback. If it does relatively worse than the rest then such action will be one confirmation of its weakness.

Seeya