Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 306.55

+0.4%

Oct 31 5:00 PM EST

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Donald Wennerstrom

Woody_Nickels

To: Return to Sender who wrote (71396)	2/2/2016 9:47:31 AM
From: Return to Sender	2 Recommendations Read Replies (11) of 95335

A long term bottom will often show doji's on charts at the bottom followed by engulfing candlesticks on a higher volume upside day. Did we get that on Friday? Nope This rally is doomed to fail in my humble opinion. The market has more downside work to do before it bottoms. Major Market Indices on 6 Month Daily Charts versus the VIX (Fear Index) - Also included are the SOX/SMH and BKX because they are so important to the overall direction of the market. RSI (14) over 70 is overbought. Under 30 is oversold. Fear will generally be low while the market is moving steadily higher. Large spikes in the VIX often correspond with market bottoms. RtS

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