Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 309.36

+2.2%

Dec 3 4:00 PM EST

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To: Jacob Snyder who wrote (53949)	9/28/2011 5:23:10 PM
From: cluka	1 Recommendation Read Replies (1) of 95520

Jacob, You are way too pessimistic, please be careful. Shorting Semis into 4th qtr. is a dangerous game. You also must not blindly believe charts. We are driven by news flow and it trumps technicals. Today was a follow through on yesterdays reversal. Ideal setup here would be to see declines across the board going into weekend, then big down Monday. That would be an ideal setup for the bottom but it would be too easy. Something of the sort will happen over the next couple of weeks but maybe not such a perfect setup. Euros will fork over the "gelt" to the banks and Ben will not be far behind. You are bound to have a nice rally into year end no matter what.

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