RtS: Fool that I am...
I don't understand/follow/care less about the technical stuff. In fact, it is my heartfelt belief that if I did do Bollinger on KLIC (and 90% of the other equips), I'd be 99.9% schizoid...instead of the 98% currently.
When I see AMAT has a p/s of ~7, and KLIC has a p/s of <2, you can tell me anything you want about bands, breakouts, breakdowns, even blowouts, there's absolutely no doubt there are equipment stocks that are grossly overvalued and equipment stocks that are grossly undervalued.
All I know is that over the past couple of weeks, KLIC has gone down on extremely low volume (for example, the volume today is ~220K though 1:45PM - avg. daily vol. = ~1.2 mil.) while up days have shown significantly higher volume.
This conclusion drawn from this pattern does not require higher, nor lower, math. Nor technical analysis. Just patience for the upcoming upturn.
If this is an 'ignorance is bliss' approach, count me clueless.
Nothing personal, RtS. I'm just not in the technical choir. |
