Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

+1.1%

Dec 8 4:00 PM EST

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To: Return to Sender who wrote (53823)	9/22/2011 1:25:51 PM
From: Jacob Snyder	2 Recommendations Read Replies (1) of 95536

RtS: excellent charts and commentary. <we could certainly rally again after a retest of the August lows> Yes. My bearishness does not exclude the possibility of an SPX rally all the way to the 200dma at 1283. However, the rising channel I saw earlier, now looks more like a horizontal channel. Strong resistance at 1220, the 5 Year moving average. If SPX goes to 1283, SOX (which has been stronger than SPX) could go to its 200dma at 414. I haven't changed my downside target of 1020 Message 27561146

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