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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: Donald Wennerstrom who wrote (51195)	2/19/2011 5:17:51 AM
From: robert b furman	Read Replies (3) of 95616

Hi Don, As always "Thank You" for sharing your work. SINCE MY FAV IS HITTING THE BOTTOM OF YOUR LIST<SMILE>,I'd like to share some charts: screencast.com stockcharts.com I think Cohu is just now finishing a corrective wave that can be described as a corrective flat.This wave structure started back in April of 2010, It has a simple abc down followed by a simple abc up and then a very clear 5 wave pennant that is just now concluding.The last and final 5th wave which looks like a horizontal wave, I believe is the result of option expiration and some price suppression to keep it near 15. The option expiration of last week may give it some nice juice next week. The entire 3-3-5 corrective flat can also be called a handle to an even longer term price pattern (IBD'S NOW INFAMOUS CUP AND HANDLE) This entire wave structure CAN GO BACK TO august of 2008: stockcharts.com Yes it has required much patience. I believe Cohu is at a very solid juncture and will soon take a nice run back up to a breakout zone in the mid 17's. Cup and handles are often very reliable structures. I do not want to come across as hawking my stock here,but if buying low and selling high is your game - then having one's favorite stock highlighted with red in your list is a pretty good clue that purchase consideration may be appropriate. If it is any help to other readers - they should know they'll have me for company.<smile> Thanks again for all of your great work. Bob

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