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Technology Stocks : Semi Equipment Analysis

SOXX 333.30

+0.9%

4:00 PM EST

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To: Return to Sender who wrote (9879)	5/22/2003 2:15:10 PM
From: Kirk ©	Read Replies (2) of 95712

"Wow, that makes it even tougher. Those 2 cents yesterday really did not effect the trading of AMAT much but overall even one stock buy symbol lost off the BPNDX is a big deal. Especially if a stock has to make such a substantial percentage gain to regain its buy signal." That is why you take it all with a large grain of salt. AMAT is now in a PnF SELL signal, if you go by a double botom breakdown, but it could pull an island reversal on the weekly and daily charts if it closes low today and tomorrow and then has a big up day next week. Right now it shows a beautiful hammer on the weekly chart which is also bullish... stockcharts.com For the BPNDX, I think you want to wait for several days of continued change of trend, not just go on the first negative tick down as we saw pennies can effect the data as it did for AMAT. My best indicators are bond prices and cash flow... both say most money still is going to Bonds... I would think a dangerous top is when money is flowing into stocks and they are not going up. As for bonds, I effectively went short the long bond at about $120 (rate of 4.35%). Here are some charts investorshub.com They could be trying to hammer out a double bottom now, at least I hope, but I have more powder for this play should it go lower. Kirk

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