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To: joe smith who wrote (15918)8/18/1998 3:29:00 PM
From: DanZ  Read Replies (1) | Respond to of 53068
 
SOX.

Joe,

The SOX made a couple of highs on the daily chart at 276 but the index will most likely close above the upper daily bollinger band today. That constitutes a breakout with a target of 305 to 310 but it could meet resistance at 276 again. If it does, I would expect a pullback to be contained by 268 (the previous breakout point). If it pulls back to 268 and fails to hold, then I'd give up on the rally, at least for the short term.

Dan