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Technology Stocks : LSI Corporation
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To: getgo234 who wrote (12945)6/10/1998 6:22:00 PM
From: E. Graphs  Read Replies (2) of 25814
 
Hi Getgo,

SOX has not made a new low, imho. I see this as a retest of a neckline of a head & shoulders pattern which runs from early 1997 up 'til now:

chart1.bigcharts.com:80/report?r=qchart&onbad=qbadsymbol&country=us&symb=sox&time=7&sid=11520&sec=x&xyz=118214781&s=7507

Here's a better look:

chart4.bigcharts.com:80/report?r=qchart&onbad=qbadsymbol&country=us&symb=sox&time=13&sid=11520&sec=x&xyz=119157938&s=14326

I find this H & S to be one of consolidation (not a top) and so I hope we can move away from it. If we break the neckline (support) it could get really ugly........I think I figured a target of 130 last time I did it, just for fun.

So, what's anybody buying? or thinking of buying? and at what price? and when?

E
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