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Technology Stocks : Semi Equipment Analysis
SOXX 303.84+1.3%Dec 22 4:00 PM EST
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To: 2MAR$ who wrote (53098)8/7/2011 10:54:06 AM
From: 2MAR$  Read Replies (1) of 95627
 
Funny enough , did a dip buy on FSLR a/h on earnings thursday to dip under $100 by just the incredible strength it had holding above 100 even in the worst day of the week (there are no short shares available on this ) wouldnt you know it bounced spryly back up to $108's again , crazy stuff just a trade that worked . FSLR prolly would have popped 20pts in a good market , just how nutz it is with all the shorts.

SPX & SMH

Thing to do here is watch that 1160 area tomorrow where things snapped back on fridays swoon, though i was fading that pop Friday am was already planning to jump in long , should that lower target of 1160 get tagged which most saw as one major lower target on the fulfillment of H&S pattern that had unfolded since the last july top .

So SPX 1160 will be the spot to watch tomorrow again , with the ultimate target of 1130 on that H&S pattern , wth a little lower support at 1150 following ....but this 1160 pivot is one line in the sand .

SMH also doing its own H&S which targetted dip to $27's at least but also did have some support too just under $29 matching the june/july top high congestion in 2010 @ $28.39 ..that short from the double top & last shoulder though , was automatic .

Everyone sure would like to know where it ends ...

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