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Technology Stocks : Semi Equipment Analysis
SOXX 305.47+3.1%Nov 5 4:00 PM EST

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SGJ
To: Return to Sender who wrote (88786)8/3/2022 7:15:27 PM
From: robert b furman2 Recommendations  Read Replies (1) of 95367
 
Hi RtS,

I suspect today gave us a clue that a lot of shorts are being unwound.

If so the fifth and terminal wave is in the 3 of one, with a lot of time yet to run up.

That being the case, prepare for greater volatility and irrational exuberance. Pinch yourself to hold for the fast run up, but without emotion scale out, hoping you leave a lot on the table. It'll never hurt your account. <smile>

Time to watch for fib retracements based on the third wave.

Hopefully 4 is history and the dip will give us a clue on the rise coming in the fifth.

Bob
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