Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: LemonHead who wrote (1349)	12/5/2001 12:19:10 AM
From: Return to Sender	Read Replies (3) of 95383

I spend a lot of time looking over charts. When 9-11 drove the market down I was buying based on an extremely oversold situation where most stocks had penetrated lower Bollinger Bands and had RSI's of less than 20 or 30. I made a good profit but I sold far to soon. I wish I had not sold but I'm edging back in because if I remained on the sidelines I could not benefit from the breakout that may be about to happen. The discussion that takes place right here on this thread was enough to help bring me back in a bigger way. I still have a lot of cash in case this breakout fails but the NASDAQ has already taken the lead when it broke through significant upside resistance today. I would like to thank Don for his tireless effort on the earnings expectations for both the Semi Equipment group and now the entire SOX as well. The recent increase in earnings expectations showing up on his charts along with Don's own subtle clues helped me a lot. Don hinted that he felt we would not see a large pullback in the SOX. That helped me to decide to take a greater risk. As such I did go long at a time which I would normally question the longevity of any rally. Also as far as TQNT goes I have been watching it carefully since you first mentioned it. Among the RF Semi stocks it may not have the most competitive technology today. It was however the most oversold and it will continue to rally if the SOX continues to move higher in my opinion. Right now many semiconductor companies have RSI's approaching 70 to 80. Many have at least touched on their individual upper Bollinger Bands. That could mean these stocks are ready to retreat. We will know soon enough if we have a true breakout on the SOX: stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a1875][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3] RtS

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