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


To: Donald Wennerstrom who wrote (1563)1/8/2002 9:29:19 PM
From: Return to Sender  Respond to of 95616
 
>I see you are short the stock, but now that I have sold, it will probably "take off" tomorrow - better watch it closely.<gg><

You are right Don AMAT and the SOX could still rise further. Despite the fact that the NASDAQ and SOX have yet to take out upside resistance the RSI on both indexes is not so high that it could not happen. I would take a loss on the short position in AMAT at approximately 47 if necessary. Now that you are out that should not be a requirement however.

<ggg>RtS



To: Donald Wennerstrom who wrote (1563)1/8/2002 10:23:45 PM
From: Crossy  Read Replies (1) | Respond to of 95616
 
Don & all,
sorry if my post might have offended you (re: ANDO Corp of Japan). I didn't want to post here "crashing the gate"..

best wishes
CROSSY



To: Donald Wennerstrom who wrote (1563)1/9/2002 10:59:11 AM
From: Return to Sender  Read Replies (2) | Respond to of 95616
 
FWIW I covered my short on AMAT. OUCH.

RtS



To: Donald Wennerstrom who wrote (1563)1/9/2002 11:36:57 AM
From: Kirk ©  Read Replies (2) | Respond to of 95616
 
NASDAQ could remain overbought for some time as we saw in 1998 through early 2000...

Bull Flag (bullish continuation pattern)

I posted a chart of the BullFlag pattern in the NASDAQ here:

suite101.com
(Last chart in the series)

I Heard Byron Wein last night say he thought we'd see a "W" recovery where we get gains now, then new signs of recession and another delay in the recovery before we get a new bull... Of course, he's been wrong often in the past. Still, we sort of saw that last year at this time where it looked like we'd have a 2nd half 2001 recovery... then the economy got worse and the market went lower.

Kirk