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


To: StanX Long who wrote (2420)3/26/2002 8:56:35 AM
From: Return to Sender  Respond to of 95572
 
Agreed. The SOX is going to be weak at the open today. In a post over the weekend I stated that I thought the market would be weak at least on Monday and Tuesday if not all week:

Message 17240190

I was impressed with the ability of 578 to hold up on the SOX. Of course it did not hold up and now the 50 Day moving average at 559 is likely to be sounded on the way down if not the lower Bollinger Band at 524.50.

stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!La12,26,9!Uk14]&pref=G

We will get a rally out of this no later than next week.

RtS



To: StanX Long who wrote (2420)3/27/2002 3:19:49 PM
From: Return to Sender  Read Replies (1) | Respond to of 95572
 
My updated SOX technical expectations - 560 by Monday unless we hit it today, or tomorrow, as I hope we will because then we bounce back up:

StockCharts.com SOX Chart:

stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!La12,26,9!Uk14]&pref=G

The lower Bollinger Band is rising causing the trading range to constrict and effectively moving the low end higher. If we hit 560 I believe we can then we can begin to climb back higher. Most of the shorts will be in place feeling secure in their belief that these stock are as overvalued as they actually are and be set up for another round of upgrades or relatively good news on the industry.

Yahoo SOX Historical Prices:

chart.yahoo.com

RtS