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Technology Stocks : Semi Equipment Analysis
SOXX 296.74+1.8%Nov 28 4:00 PM EST
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To: Zeev Hed who wrote (6065)10/11/2002 9:31:32 AM
From: robert b furman  Read Replies (1) of 95487
 
Hi Zeev,

That is an excellent plan.

In 1998,exactly as you state a pop rally occurred and then a retest followed.

The lowest of lows occurred before the retest but the retest displayed many divergences.I use TC2000 and the retest displayed a character change in the stock price action.It displayed that change for several weeks.Momentum indicators like Balance of Power flipped to positive.The Moneystream changed from selling pressure to buying pressure.On balance volume bottomed and slowly rose.Time segmented volume stayed positive rather than dipping ti negative as it had for monthe during the deep decline.

I suspect this is a pop and the next approaching retest will be a trully wonderful buying opportunity.

The one thing that will screw this deal up is if the pop is so fast that it never comes back - then it is a new ball game and the bears of past may well have another chance.

I'm hopeful we go a little slower on this turn and we give those with the real money to sell out of this bond market top of tops and reapply SERIOUS MONEY at these new levlels of value.

Thanks for your serious observation.I've got to give it some study.Your view makes a lot of sense.

If it isn't too much to ask - please keep an occasional update.

Thanks

Bob
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