Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 295.15

-2.3%

Nov 11 4:00 PM EST

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To: Jacob Snyder who wrote (47893)	5/27/2010 4:57:04 PM
From: Jacob Snyder	2 Recommendations Read Replies (1) of 95397

SPX up hard all day, closes almost exactly at its 200dma. Another day of higher highs. Would be more bullish if volume was higher. VIX at 30, down from an intra-day high of 48 a few days ago. If the low from 2 days ago was the medium-term low, it makes a nice double bottom with the February low. SOX, oil, even China is up today. The ratio of consumer discretionary to consumer staples (XLY:XLP, or if your prefer, semis to drugs = $SOX:$DRG) hit a low 4 days ago, and is up sharply. Another bullish confirmation. Now, all we need to do, to relax my sphincter tone to a comfortable level, is for SPX to get and stay above its 200dma. SPX XLY:XLP chips/drugs

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