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Technology Stocks : Semi Equipment Analysis
SOXX 281.61+1.7%Nov 19 4:00 PM EST

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To: John Pitera who wrote (75352)4/11/2017 1:35:22 PM
From: robert b furman  Read Replies (3) of 95443
 
NOW NOW JOHN ,

Let's not be starting any mass hysteria here at the Semi analysis thread.<smile>

Just a little quiz before you start proclaiming the 150 dma coming next:

How many days has SMH dipped below it BB and what happened every time after that?

How many times did the SMH dip below its BB as the BB was sloping negative?

How many times has full stochastic been below 30 and what happened after every time?

How many times has RSI dipped below 40 and what happened after that?

Last pop quiz: stockcharts.com

Note that the BB are pinching - in fact the % width is at the lowest level it has been all year (thanks goes to UE for teaching me that0 - pinching BB are a great hint as to future price action imminent.

So, with all those slow stochastics and BB pinches with rsi touching ON or below the 40 line, it is time to declare : BUY THE DIP BOYS.

This final little shake of -100 points this morning is destined to close in the green = my bet.

2cs studies and clx studies say tomorrow rocks big UP!!

Enjoy the discount, that one day violation of the SMH 50 triggered some sell orders just in time to be the perfect headfake and load up inventory at a discount price exactly before the reversal.

Gentle men and ladies place your bets - that little round ball of steel is about to drop onto the wheel. Will it be Red or Black or Green <smile>

Bob
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