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


To: robert b furman who wrote (2528)3/31/2002 4:02:12 PM
From: Return to Sender  Read Replies (1) | Respond to of 95640
 
It's interesting to note how often Williams %R runs all the way to overbought and oversold status without interruption.

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

What I watch for primarily is the penetration of Bollinger Bands in combination with previous high and low RSI. I also believe it is important to stick with charts that you trust to work well for you based on your own past performance reading these charts. Charts can be tricky as indicators can be set up to produce subtle to dramatic differences by any individual. The resulting chart can only be measured against the past performance using those particular settings. This can cause an investor to over react if they do not notice the differences.

Here is a weekly chart Gottfried just posted on AMAT vs the SOX showing that AMAT is overbought with an RSI over 70:

stockcharts.com[w,a]wallyiay[pb20!f][vc60][iUb14!Uk14!Ul14!La12,26,9!Lf!Lc20]&pref=G

And yet when I run my daily chart on AMAT I get an RSI of 64.3. In fact using my settings and the same time frame ( Weekly Oct 95 to present), without a relative comparison to the SOX, I arrive at an RSI of 62.4 and even more room for AMAT to run higher and help lead the SOX.

stockcharts.com[h,a]waclyyay[d19951001,20020331][pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G

RtS