STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE Message Board

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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: milesofstyles who wrote (1617)	1/15/1998 9:33:00 AM
From: Trader X	Read Replies (1) of 2377

re GSNX, and other semi equips. yes miles, i'd characturize $12 as minor resistence, and $16 as a major resist level. But the bottom pattern it's making appears that 12 will not be a problem to take out, probably very soon. I'm divided on this group (semi equips) that GSNX is part of as a whole. One the one hand, many of thier charts seem to be making reversals, like SFAM. On the other hand, I feel that earnings in Jan/Feb. will take a hit from the Asia debacle and the group will suffer. So I'm taking a wait and see approach. Overall I think they are oversold in reaction to sales pushouts by asian cos. I also think they are within 10 percent of their eventual lows. But I am not convinced a bottom has been put in yet. -Kevin

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