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Technology Stocks : Semi Equipment Analysis
SOXX 283.56-1.7%Nov 17 4:00 PM EST

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To: robert b furman who wrote (75368)4/12/2017 9:04:26 AM
From: John Pitera  Read Replies (1) of 95427
 
Hi Bob, I looked at some back history of the SMH.... I got curious about a hammer type occurrence when the close was below the lower Bollinger band

June of last year there was a day.... we were very close to 200 dma



August 25th of 2015... activity below lower BB and rally..... but we were substantially below the 200 dma.



Dec 2014 to July 2015



Dec 2013 to Oct 2014



Dec 2012 to oct 2013



.Dec 2011 to Dec 2012

early March 2012 was the closest I could find of a hammer that closed below the lower Bollinger band but we were closer to the 200 dma.... and then Oct 2012 we had a hammer outside the lower BB... but we headed lower in price.



Dec 2009 to Dec



there is one or 2 other dates in the other charts.... not occurring as far above the 150 dma and 200 dma...

November 9th was a very different overall market technical set up than now. A significantly different set of market circumstances.... the JPY keeps going up, the EUR/JPY keeps going down... the TNX is soft.

I do not like the war drums that we are navigating through........ nor global credit slowdown

Message 31067078

we shall see...

Message 30828379

Yes Nov 2016 at the election was a bullish time.....

Message 30830274

Message 30833644

Message 30836691

John
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