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Both the ASE Computer Tech Index and the Phil Semiconductor
Index are looking sick. My thinking until recently was that
the computer area would stay strong until late November but
by the looks of these indicators I'm beginning to think they
may roll over sooner. I own nothing in this area and have
been looking for a point to go short. I've just about
reached that point to start shorting.
If you own anything in this area look hard at your
positions, particularly if on margin.
Bob Doeden
Chicago
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