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Technology Stocks : Semi Equipment Analysis
SOXX 282.70+4.4%Nov 24 4:00 PM EST

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To: Return to Sender who wrote (2742)4/13/2002 2:14:31 PM
From: robert b furman  Read Replies (1) of 95465
 
Hi RtS,

View your chart on a weekly scale.

Note:

1)BB coming closely together
2)The SOX has come off the bottom of the BB in Sept - bounced off the top BB in March and now it getting support at the mid-point - which also happens to be a convergence with the 50 MA.
3)It is a Doji - a moment of indecision

I believe what we're seeing here is a pivotal inflection point.A release from negative expectations to a refreshing change to positive expectations.All based on the expectations of improving earnings.

I think from here the Sox pops up and walks up the upper BB.

Here's my tracking stock - the 800 pound Gorilla that has led investment during this entire downturn and is currently suffering from "Too lean of an inventory".YUP YOU READ ME RIGHT - TOO LEAN OF AN INVENTORY.

INTC - the proxy stock for the SOX!!

stockcharts.com[h,a]waclyyay[pb50,200!d20,2][vc60][iUl14!Uk14]&pref=G

Look at the BB - the double bump on the weekly 50 ma at 28.Just as any double bottom should it has violated the 50 - I hope and believe just momentarily. GULP

Now the daily:

stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUl14!Uk14]&pref=G

Note the double bump on 28.
You're the guy that loves to buy oversold in Williams % R.gg How does entering it's 5 th spike into oversold grab you??

If you can anticipate when -DI crosses below + DI - LIFTOFF - buckle your seatbelt rocket launch will occur.

The best part - earnings announce Tuesday 04/16/02.

nasdaq.com`&selected=INTC`

Bryant was quoted last week as running on "too lean an inventory of Pentium IV's".The first.13 micron 300MM fab is coming on stream with bigger margins 2.4 Ghz Pentium IV's this month.

I'm betting that hooking up on Intel's tail will give us a quick ride to it's recent past high 36.50ish and then higher.

Worst case scenario back to 20 - 8 points of loser.

Least optimistic 36.50 - 8 1/2 point ride.

best case - scared to say.gg

One thing for sure - not much time left and we'll know!

Bob
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