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Technology Stocks : Semi Equipment Analysis
SOXX 303.84+1.3%Dec 22 4:00 PM EST

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To: The Ox who wrote (9293)4/5/2003 12:02:02 PM
From: Return to Sender  Read Replies (1) of 95622
 
McClellan Charts may be showing the market at the beginning a decline. Note the tops this week came in lower than the previous tops with lower RSI's.

stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Now of course some of this is just my perception and as the previous market comments I posted from the Internet Stock Report stated there is a lot of mixed signals going on so the market could go either way. Still we are getting closer to that portion of the trading year where stocks historically under perform. A quick end to the war in Iraq, lower oil prices and a business led economic recovery could turn this market into a raging bull.

RtS
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