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Technology Stocks : Full Disclosure Trading

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To: advocatedevil who wrote (3728)1/4/2003 1:36:28 PM
From: Return to Sender  Read Replies (1) of 13403
 
SNIP from Amateur Investors Weekend Update:

amateur-investors.com

Thus it appears we have two possible scenario's developing as we start the early part of 2003 with one being potentially Bullish and the other potentially Bearish. At this point it's not clear which scenario will pan out and all we can do is watch how things evolve over the next few weeks.

Meanwhile one another thing that is of some concern is the chart of the Semiconductor Index (SOX) which also may be developing a Head and Shoulders Top pattern especially if the SOX stalls out near the 330 level. The key support area on the SOX is around 285 which is along its Neckline. Any break below the Neckline in the weeks ahead would likely lead to a retest of the early October low near 210 (point B).
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