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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST

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To: GREENLAW4-7 who wrote (6572)10/31/2002 10:58:15 AM
From: Return to Sender  Read Replies (1) of 95567
 
Do you use technical analysis or just fundamental analysis to help you make decisions as to when to short stocks in the SOX?

At what level do you expect to initiate your short positions? Which stocks do you intend to short? Can you provide me with an SOX chart detailing where you expect this run to stop and where you want to short these stocks? I'll try to make it a bit easier.

Here is a daily SOX Chart:

stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G

Here is an interesting discussion with some details on the troubles of picking out the SOX while it refuses to sell off. The SOX discussion is closer to the bottom. Asia Online Market Wrap from yesterday:

asianinvestoronline.com

And from Briefing.com: Sector Watch: Semiconductor -- Technical -- Group has weakened after setting a minor new high for the month. Pacing the way on the downside are: TER -5%, MXIM -4%, LSI -4.9%, ALTR -3.9% and AMD -3.2%. Bucking the bias are MU +1.3% and MOT +1%. Technically the SOX index (294) has struggled over the last six session near the 300 area. With momentum weakening and indicators potentially forming a divergence, it raises the possibility that a corrective pullback will develop. Takes an intraday rebound through 300/301 to help neutralize the current weaker bias. Next supports are at 285 and 282

RtS
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