SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Full Disclosure Trading

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sarmad Y. Hermiz who wrote (1198)7/15/2002 12:13:41 PM
From: Return to Sender  Read Replies (1) of 13403
 
OT: Sarmad take a look at the SOX chart. It goes up for 2 or 3 days and hits the middle trend line or about the 20 day exponential average and then trends down for 2 or 3 days:

stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20][vc60][iUb14!Uk14!La12,26,9]&pref=G

AMAT showed a doji on Friday (the black mark) indicating a change of direction may be coming. The change would be from up to down:

stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20][vc60][iUb14!Uk14!La12,26,9]&pref=G

My bet is that the SOX fails to support the NASDAQ and heads back towards 343 shortly. As I write this AMAT is at 18.65. If it could move above 19 today I might be scared enough to reconsider this play. As it is I think I will hold until Wednesday.

RtS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext