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Technology Stocks : Semi Equipment Analysis
SOXX 283.58+0.3%Nov 25 4:00 PM EST

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To: Gottfried who wrote (6108)10/12/2002 12:47:11 PM
From: Return to Sender  Read Replies (3) of 95471
 
I agree with you Gottfried. Technical bounces aside it seems that most of those "powers that be" are going to continue to hit the market with one negative news story after another until we see a classic capitulation.

Oh I wanted to address an obvious mistake I made in a post earlier. 284 is the 50 day moving average for the SOX. It is the 50 day moving average, not the 200 day moving average, all the way up at 449, that is likely to cap this current advance:

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

RtS
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