Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: Return to Sender who wrote (54068)	10/4/2011 6:31:38 PM
From: Jacob Snyder	1 Recommendation Read Replies (1) of 95541

<today's action does not in any way make me believe we actually formed a long term bottom today.> I agree. No direction, no decision yet on whether SPX 1100 and SOX 330 will be support or resistance. Today's action was neither bullish nor bearish. Compared to yesterday, SPX and SOX both set lower lows, which is bearish. However, both ended up for the day, and above critical support levels, which is bullish. VIX hit a higher high (bearish), but didn't take out the August high (bullish), and closed lower (bullish). I did nothing, just watched and waited, in between walking the dog and putting mulch around my newly-planted lilacs in preparation for winter.

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