Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 305.47

+3.1%

4:00 PM EST

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To: robert b furman who wrote (92796)	8/6/2024 12:36:12 AM
From: Johnny Canuck	Read Replies (1) of 95358

I am expecting a counter rally in the next few days and then a re-test of the recent lows whether that was set today or over the next few days. The height of the bounce, usually a lower high, and the re-test of the recent. local lower low will determine whether there is extreme panic finally or just weeks of slow selling with counter rallies in between. At this point too many people are expecting a black swan event for it to happen, bargain hunters will enter the market at key points first. This does not mean there will not be a black swan event, war in the middle east or some story not being discuss prominently will be the catalyst if that does happen. So far a pretty orderly market despite the extraordinarily high VIX.

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