Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 306.55

+0.4%

Oct 31 5:00 PM EST

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Julius Wong

oldbeachlvr

To: Return to Sender who wrote (92388)

7/20/2024 12:58:16 PM

From: Return to Sender

2 Recommendations Read Replies (1) of 95333

I would expect the group to continue to fall until BPSOX has a very low number again. At the same time the RSI should be around 30 for the SMH/SOX before a bottom.

We had a bad week and we are headed into the worst months of the year August and September. Any rally off a bottom in the next few weeks will probably be met by further short term selling. Most likely an October bottom.

The longer term picture is extremely positive!

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