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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Ibexx who wrote (5126)1/13/2001 8:04:08 PM
From: Stoctrash  Read Replies (1) of 6531
 
Ibexx,....I would think you'd need the 1/31 .50 Rate cut and a huge turn in the outlook 6-9m for the semi sector. Right now IMO, it looks like we'll get .25 and the turn in the sector is up in the air from the fundamental side. Many of the semi stock charts have turned quite nicely but again, too early to say the ghost is gone.

fwiw.., TA....~144 is a Fib retrace as well as a previous ST top. Prices also got outside the daily BB too on Friday and retraced from there. A good market and 140+ just might happen, near that 148 level though and I would think more sellers than buyers show up.
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