COHU chart looking ugly, like many others.
stockcharts.com[h,a]waclyyay[pb50!b200][vc60][iLp14,3,3!Lg]&pref=G
50dMA crossed over the 200 on the weekly, and looks to be building an ugly head & shoulders. I wouldn't put much stock in the H&S, as I tend to see them everywhere. What does it measure to, something like 6? That couldn't happen, right?
>>I keep telling myself "you have stocks of quality companies and they'll come back. You wouldn't sell your house and move just because the price drops?" It helps a little.>>
This sounds like trouble. I don't mean to be flip, but perhaps you should be asking this question: If your neighborhood went completely to $hit and your property value plummeted and looked like it might go to zero, would you look for a more reasonably valued piece of property in another neighborhood/town/state/country/etc or reconsider your decision to buy property.
That being said, I'm starting to look for some property. AMAT's PE is "down" to 194; I'll be looking in a different neighborhood.
regards,
ham |
