Option Investor
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Now the SOX has become the second index I've noted, after the BIX, to have retraced half its day's range. Other leading-type indices, such as the TRAN and the RUT are far from yet retracing half their day's ranges, but there are enough signs out here with the SOX and the BIX doing so that it's still important for bulls to keep updating their profit-protecting plans without there yet being enough signs that bears are in the clear with whatever trade they're considering. The SOX is currently bouncing after hitting the midpoint of its range.

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