Gottfried, a gravestone doji must be followed by a down day to be an effective signal of tren change, we did not get this, as a matter of fact a number of the semi-equip are turning , trend wise quite bullish by taking out significant reseistance, like BRKS, CYMI, VECO and AMAT, others should not be far behind. Typically after such a run, there is retrenchment, I would say that if CYMI holds above $32, VECO above $57, Amat above $44 or so, this was the current bottom. From a fundamental point of view, I do not think that is the case (BTB still too high, IMHO), but technically speaking, we have a lot of good things happening.
Zeev |
