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To: marvin litman who wrote (18267)1/6/1999 12:07:00 AM
From: DanZ  Respond to of 53068
 
IRF.

Marvin,

I'd expect IRF to run into resistance between 12 1/2 and 12 3/4 but the chart looks good to there, at least. The stock should find support between 9 3/4 and 10 if it pulls back. If it gets through 12 3/4, then I can see 15 as a target.

On a related subject, the SOX reached an all time high in August 97 at 405.48. It closed today at 376.51, only about 30 points from there. This is pretty amazing considering that it traded as low as 183 in October 98. I think that it's highly likely that the SOX will continue to move up and make a new all time high but there will be corrections along the way. IRF will probably move in tandem with the SOX as it has in the past.

Best of luck.

Dan