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Technology Stocks : Semi Equipment Analysis
SOXX 299.48-4.8%Dec 12 4:00 PM EST
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To: sixty2nds who wrote (53449)8/27/2011 12:21:07 PM
From: Return to Sender3 Recommendations   of 95574
 
We are still with a continuation pattern. Odds favor a resolution here to the downside in my opinion but a breakout on higher volume to the upside and I could be persuaded to change my mind.

What I am looking at is the triangle here that has been forming with higher lows and lower highs within it as seen here on the S&P 500 chart. These types of patterns are often seen within a bearish downtrend when the market gets extremely oversold. That is to say oversold like it was two weeks ago.



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