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Technology Stocks : Full Disclosure Trading

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To: advocatedevil who wrote (3110)	12/9/2002 10:47:38 AM
From: Return to Sender	Read Replies (1) of 13403

OT: The put to call ratio is not yet suggesting any kind of rally is coming today. cboe.com In fact it is moving in the other direction. In addition AMAT in particular has fallen through its 50 day moving average at 14.38 but considering it has an RSI of 41 and is well above the lower Bollinger Band at 13.88 and falling we may not have much hope for a rally today. stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G I would like to see the put to call ratio rise back up above 1.00 before going long. A tag of the lower Bollinger Band with an RSI of 30 would also confirm the oversold buying opportunity. From Briefing.com: Sector Watch: Semiconductor -- Technical -- Sector index (SOX 318, -3.8%) easily penetrates last week's low and congestion 322/323 in early trade. Pacing the way this morning are: NSM -6.7%, TER -5.4%, AMD -4.3%, LSCC -4.7%, AMAT -4.7% and LLTC -4.1%. The slide has brought the loss off Friday's high to 6.2%% and the plunge off the Dec high to 19.7%. Sector index has slipped slightly past its 50 day ema (316.8) but given the extent of the recent slide would be watching for signs of an intraday recovery attempt near this area. Follow through beyond 318/319 improves the very short term tone. Failure exposes next support at 313/312.

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