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

To: Gottfried who wrote (1359)	12/5/2001 8:36:03 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95383

The Bollinger Bands have to be used with a second indicator. I use Relative Strength. I know you like Williams (Saw your comment on -20). The two could potentially be interchanged but as you pointed out earlier a breakout can be sustained under the right circumstances indefinitely. I do not think we are there just yet for the SOX but I do not think we are doomed to immediately snap back lower either. Normally a strong move higher penetrating an upper Bollinger Band and an RSI of 70 to 80 (depending on the stock or index) would indicate an upcoming sell off. What's different now? stockcharts.com[h,a]waclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14] All the major indices have either broken through upside resistance or are very near to breaking through upside resistance now. December and January are traditionally very strong months for semiconductor stocks. There can be no doubt that these stocks are now clearly overbought and over valued based on last year's earnings but hope of a recovery combined with the removal of resistance that has held a lid on these stocks for so long gives us a good run... Perhaps past 600 to 650 on the SOX. stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a1875][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3] RtS