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Technology Stocks : Semi Equipment Analysis
SOXX 330.35+0.5%Jan 12 4:00 PM EST

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To: Return to Sender who wrote (545)5/11/2001 12:31:36 AM
From: Gottfried  Read Replies (2) of 95708
 
RtS, the trouble with Bigcharts is that urls you copy from the address bar don't give the chart you were looking at. StockCharts doesn't have that problem. Here's a weekly stockcharts.com[w,a]waclyymy[pb30][vc60][iUb14!La12,26,9!Lc20]

I could interpret MACD as oversold on the weekly.

Now a daily stockcharts.com[w,a]daclyymy[pb30][vc60][iUb14!La12,26,9!Lc20]
that looks more like overbought.

If you take a closer look at weekly and imagine an upper trend line [starting Sept '00], you will see the chart is now above that trend line. stockcharts.com[w,a]waclyymy[d20000401,20010510][pb30][vc60][iUb14!La12,26,9!Lc20] meaning SOX has broken the down trend.

But your scenario could happen.

Gottfried
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