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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST
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To: Jacob Snyder who wrote (53242)8/14/2011 9:47:52 PM
From: Gottfried1 Recommendation   of 95573
 
Jacob, pc didn't say the BB was his indicator. He only said >After testing lower band of the Bollinger Band, the SOX seems to have bottomed<

I think it's primarily his judgement call based on experience.
Since nobody knows what Black Swan event will hit us next, the statement must be for now.

We all have noticed that "the market looks ahead 6 months" does not help when there is market action like last week's.
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