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Technology Stocks : Semi Equipment Analysis
SOXX 299.81+2.7%Dec 19 4:00 PM EST

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To: Donald Wennerstrom who wrote (1563)1/9/2002 11:36:57 AM
From: Kirk ©  Read Replies (2) of 95616
 
NASDAQ could remain overbought for some time as we saw in 1998 through early 2000...

Bull Flag (bullish continuation pattern)

I posted a chart of the BullFlag pattern in the NASDAQ here:

suite101.com
(Last chart in the series)

I Heard Byron Wein last night say he thought we'd see a "W" recovery where we get gains now, then new signs of recession and another delay in the recovery before we get a new bull... Of course, he's been wrong often in the past. Still, we sort of saw that last year at this time where it looked like we'd have a 2nd half 2001 recovery... then the economy got worse and the market went lower.

Kirk
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