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Technology Stocks : Cohu, Inc. (COHU) -- Ignore unavailable to you. Want to Upgrade?

To: Nutty Buddy who wrote (3213)	8/3/2002 4:24:58 PM
From: robert b furman	Read Replies (1) \| Respond to of 7848

HI Buddy, What do you do stay up at night dreaming about how you can change this data???hehehe Sure looks to me like this sell off is becoming a "Classic" bottom as the gaps that ocurred off last weeks bottom are being retested. New weakness in the SOX is just SOP for the sector.No long term test worth its salt will just get close - it'll have to violate and scare the dickens out of all participants. Then I think we'll see some record setting reversal days. The level of shorts as these gaps get tested with a lead break thru of the SOX will be a retail investor sucker dip of all dips. Just when everyone knows its safe to short AGAIN a whiplash neck breaking reversal will crunch the speculators. You sell at tops and you don't short at bottoms. Your weekly MACD has never been so low and has never reversed from a nice uptrend after going so low.It looks as though it might be begining to go sideways. So it could roll over and continue a decline like it did in June. Hard to concieve after the 200 got so low. If I didn't want to speculate (right I hate doing that) it sure seems like Mr. Market is setting up for a crank just about when Csco announces earnings (Tuesday after hours). If they said the worst was over (like Orcl did) would that be the volume reversal spark to catch the small newbie shorts with their pants down? What a mad scramble to the door. Chiefy thinks we're days away from a Dow 1000 in a day. He thinks its dead ahead after some of these gaps get tested. Like I say with the Sox violating its previous low on friday - the ok has been given to short the others and expect follow thru. That's about as big a set up for a short squeeze as I could diabolically conger up. All the psychological indicators for a bottom are aligned: several 9 to 1 decline over advances Vix Spikes bears over bulls put to call ratio gets to .90 and 1.00 plus like its got a key to the front door volume on the retest has been light not scary big. And last but not least your flame components say it historically is time. What we need to make it really work is a record level of unsophisticated shorts - the ones that say cover at any price.Then some follow thru that scares the cool minded shorts. Ah I guess I'm sitting around dreamin up stuff too.ggg Thanks for sharing your great work - just as I thought the market sucks. Now if we can just get thru this retest thatis building. Makes me wonder how weekly macd looked on the double dip in October of 98? Bob Interesting note - the slope of the 200 EMA was really fast after the record low last week.The reversal was too fast - so now we take a little time and build a technically stronger retest. It all adds strength to the picture. Sitting with a wee bit of dry powder and I don't want to misfire. Instead of a v bottom pattern - we should look for w-bottoms. The second v of the w should be above right at or even lower - all variations occur.Hard to predict the panic of a selling mob or the greed of a lowball GTC order.heheThat second v should be seen all through the sector:AMAT,NVLS,COHU,LTXX and with divergences in TSV,Moneystream,and Bop.Needless to say fast stochastic will be flatlining.