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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (1029)8/21/2001 9:06:22 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95790
 
RtS, I agree it looks very good when looking at all the indicators, but look again at the period, using the stockchart data, at the 2 cycles prior to the April lows. They "behaved" very nicely too, but look what happened in April. While the prices came down to "touch" the BBs, the SOX didn't stop there - it just kept on going until it hit the bottom in early April.

We are right at the same kind of situation now. Will the SOX "bounce" off the BB, or will it just keep going? We are soon going to find out.<gg>

Don