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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Thu Oct 07, 2004 7:43 pm Post subject: SMH chart |
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The MACD uptrend may be indicating a bullish triangle. A breakout of the Jan downtrend line may be bullish. However, SMH may pullback to its 50 day MA in Oct, which has flattened and may turn higher. Also, I may add, SMH is an index, which is safer than any individual stock (INTC is the largest component of SMH).
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