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Technology Stocks : Semi Equipment Analysis

SOXX 295.15

-2.3%

Nov 11 4:00 PM EST

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kckip

Kirk ©

To: Johnny Canuck who wrote (92769)	8/2/2024 8:46:44 PM
From: Return to Sender	2 Recommendations of 95396

The 80 to 90% Days only matter to me at a market bottom. What I look for if we are in a bear market is a 90% Upside day or 2 80% Upside days in close succession. That is one foolproof way of knowing a bottom is in. More on the subject here: Message 33918435 A bear market can have numerous 80-90% downside days. Are we still in a bull market? I think so for the overall market. But not for the $SOX. The $SOX is down over 20% from its recent high. BPSOX is all the way down to a single PnF Buy Signal. That means we are in a bull market buy zone except that if the $SOX continues to lead downward then we have more to fear despite the big rise in the $VIX today. First things first I want to see the $SOX hit an RSI of 30 or lower: RtS

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