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Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%4:00 PM EST
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To: pcyhuang who wrote (53234)8/14/2011 4:52:13 PM
From: Jacob Snyder2 Recommendations  Read Replies (3) of 95536
 
<SOX Has Bottome>

Is that a ST or LT call? That is, do you think last week's lows will hold for next week, next year, or next decade?

Also, your chart doesn't support your conclusion. The chart shows, not a test of the lower Bollinger Band, but a failure. That's what happens when volatility spikes. I wouldn't expect Bollinger Bands to be useful predictors, when the VIX is over 40. Not saying you're wrong. I'm just not following your logic.
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