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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

-0.6%

4:00 PM EST

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To: Return to Sender who wrote (89419)	12/19/2022 6:41:21 PM
From: Sun Tzu	Read Replies (1) of 95580

You've completely misunderstood me, I have not made up my mind or I would not have asked the question. I simply made the observation that from a TA perspective, they don't look good. That is a fact, not a position. Nor does my question have anything to do with TA or FA. I am asking about expectations and sentiment. If everyone thinks that MU will be in the doghouse for the next 3 quarters and somehow they say that next quarter will be bad but not as bad, then it will rally regardless of how bad their current numbers are. As to blood on the streets, SOX rallied better than 30% off of its bottom. That hardly seems like blood on the streets to me. Anyone who bought SOXL at the bottom nearly doubled his money. I understand that it is way down from its peak. But to me, that is water under the bridge. The 30% rise is the more recent event.

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