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Technology Stocks : Full Disclosure Trading
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To: Kelvin Taylor who wrote (7690)2/4/2004 6:05:25 PM
From: Return to Sender  Read Replies (1) of 13403
 
OT: Kelvin, in light of the fact that the SOX has broken down below its 50 day moving average do you believe that the advice given here to short semiconductor stocks is sound?

Note that the MACD, stochastics and RSI all show an index that is extremely oversold.

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14]

I'd be the last one to say it could not get more oversold but one would think that there has to be limits.
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