XXXXXXXXXXX & U 2 Janie...ok Wizzie two<g>..
Hi and good morning...
i need some alert opinions......
SOX...in Jan it does a high pole to new highs at 425, moves sideways for several weeks, forms a bearish triangle, and sells off to 375, hits this number several times does not break it, just completes a HIGH POLE, breaks a triple top too, but cannot make a new high...off the high pole promptly sellsoff and breaks the triple bottom below 375...
forms a low pole at the 350ish area...now here's the ?????....
my guess would be, that a quick reversal will occur back upto, 375, new resistance, and then SLAM BAMM THANK YOU MAMMMM down we go to 320 then 300....
the SOX index and all chart patterns are negative on the weekly and monthly...Since the BPSEMI reversed up last week or so, i would think it will reverse DOWN, and head toward 30%....
SOOOOO....i say sell the next rally, and play the downside for more turbulence....
i bought KLIC on Fri at 25, i will sell this into any reflex rally, and wait for 18-20 bucks shortly...same for all the semis...
of course i have been known to be wrong, but i don't think so..i felt all along that INTC & AMAT were both shorts & posted it...lots of semis tried to break to DT's they all did not make it...and reversed hard...they were the best sector, & the last to capitulate...it ain't over by a long shot...
Hey BRUCE, got my first Chartcraft Options Report...ooohh i'm gonna be dangerous now......:>} |
