Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: scott_jiminez who wrote (2726)	4/12/2002 12:49:12 PM
From: Return to Sender	Read Replies (4) \| Respond to of 95487

Take a look at these charts from Yahoo with a one day delay. We are pretty oversold but perhaps not enough to guarantee a move higher. finance.yahoo.com^SOXX+QQQ&d=c&k=c3&a=r14&p=b,v&t=3m&l=on&z=m&q=c As Gottfried pointed out tagging lower Bollinger bands is enough. What we are looking for is that when the majority of the stocks have not only tagged the lower Bollinger Band but that they also have RSI's that are low compared to past levels. Basically in the 30's. According to what I see here KLIC is still well above the 30's on its RSI. This could mean one of two things; The stock is not oversold enough to accumulate or the stock is set for a break out to new highs if and when the SOX does the same. If you have been reading my posts then you know how disappointed I am in the action of the SOX and the NASDAQ. The VIX however became extremely overextended today. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G We should be seeing a rally soon. I guess we will have to wait to see how the SOX reacts to earnings news in the next few sessions. RtS