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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: Sam who wrote (85934)11/17/2020 1:20:45 PM
From: The Ox1 Recommendation

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SOX is up over 7x from the 2012 lows. Nearly 2.5x from the late 2018 lows. If you bought in early 2018 after the nice 2 year run, it would have been a painful 12 to 15 months waiting for your prices to return.

I do think it's wise to look at the index over time, as it should be going up. The weak companies get removed and replaced by stronger entities. The 3 color channels are for reference - to determine trends. Yes, it's very possible for the SOX to continue it's recent strength but I believe that one shouldn't discount the possibility that it's already had a massive move up and may need to consolidate it's run. We'll see....

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