neat...thanks M. Lin, and Tom, et al: while SIII. is still very difficult chart here, but probably worth the shot under 5., with a close stop, hoping one is also diversified, two technical thoughts:
a) many depr. semis/techs are already almost up against pot. resistance, at their Oct./Nov. highs, so we have to watch that....so, perhaps I will lighten up, and/or take 1/2 position gains soon on some of them ? on SOX index, that would be, around 320... remember, my "PSYCLE sm" only buys the truly depressed issues, and hardly ever, the higher-priced ones which are in the SOX indexes....
b) the Media (PSY-chology, remember) is now beginning to highlight some of these already bounced ones, so the intial/easier part of the S.T. rise may be ending soon on some of these, already....especially for those depr. techs/semis which had previously broken support 2 months ago, and/or had very-short-term bases....many of those are just bouncing back up to resistance, not breaking out, dig ? I actually wish I could see more volume, on more still-depressed techs....perhaps they WILL pullback again, to gather more upside potential thereafter, but, congrats to all for buying near recent lows, in the face of obvious overreaction to Asian stuff, as usual....it shows you have real PSY-chological strength....did you also buy the depr. golds and steels recently as we did ? best wishes, |
