Semi Equipment Analysis Message Board

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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: Kirk © who wrote (11764)	9/22/2003 11:43:55 AM
From: Return to Sender	Read Replies (1) of 95574

Glad you looked Kirk. I think if one factors in RSI on most of those long term charts along with the Bollinger Bands then there is much less cause for immediate concern. UTEK looks much closer to a top than our old canary KLIC. Wennerstrom Semi Equipment Charts are done here starting with this post: investorshub.com What I see is that RSI can and does get very frothy at the top of a cycle even on these monthly charts so Bollinger Band penetration may not matter much at all. What does concern me is that we have never had a BPOEX as high as we do now so if we apply Elliot Wave principals it might be possible to expect a drop in the market in wave 4 soon before we ultimately break out higher at the cycle top in up wave 5. RtS

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