SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (96668)4/19/2001 10:56:52 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 436258
 
Hey Technicians. What's the resitance on MU? My answer is 50 because it represents support from mid May 2000 and a TRIPLE (count'em), triple top from late January, Mid March, and a this week. I mean if things are so lala in Semiconductor land, then why can't MU take out 50?

AMAT won't take out 65 (support broken early Aug)
SUNW (25) Late December support.
ETC, ETC, ETC.

This looks to be one of the most vicious bull traps I have ever seen, but it's incredible because almost EVERY beaten down Nasdaq stock is staring at crucial resistances while we're at overbought levels, earnings season is over, VIX is 28, dollar finally begins it's long awaited depreciation, gold making upward moves, etc, etc.

All the signs are there that January shall be repeated.