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Politics : High Tolerance Plasticity

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To: chowder who wrote (21467)9/10/2004 6:48:06 AM
From: chowder  Read Replies (2) of 23153
 
The semiconductors had a big reversal day yesterday. In looking at SMH, the day before yesterday saw an inverted hammer at a price low, followed by a high volume gap up day. This usually suggests a reversal is in play. We will need to see some follow through of course but, Stochastics and MACD are flashing buy signals.

stockcharts.com[h,a]daclyiay[pb10!b40!f][vc60][iut!Lh14,3!La12,26,9]&pref=G

Realizing it is September, some may want to see if we get a confirming day today. Otherwise, the semiconductor sector looks like it wants to go higher. Institutions were buying in volume yesterday.

dabum
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