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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%4:00 PM EST

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To: Return to Sender who wrote (3610)6/22/2002 2:43:58 PM
From: Return to Sender  Read Replies (2) of 95526
 
Someone please put up a Bull Argument! The SOX has always bounced back from a penetration of the lower Bollinger Band which is currently at 377.90 with a vengeance. Friday's close was at 380.01.

stockcharts.com[l,a]mhclyiay[d19950101,20020622][pb50!b200!d20,2!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G

Are my new targets too bearish? The longest the SOX has bounced along the lower Bollinger Band is three months. Perhaps we need to expect a bad three more months before a rebound but we don't have to go much lower?

RtS
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