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


To: Justa Werkenstiff who wrote (5578)9/23/2002 5:23:19 AM
From: LTK007  Read Replies (1) | Respond to of 95479
 
MY chart still shows the potential for much downside with 180 being possible if 241 is broken.
Also the shattering of late 1998 to now lower bull trend line puts, i feel, and concrete lid on 422. GD. opinions only. stockcharts.com[r,a]daclynay[d19970702,20020920][pc5!c8!c13!c20!c50!f][iUb14!La8,17,9!Lyb20,2.0!Lp14,3,3!Ll14][J6457503,Y]&pref=G



To: Justa Werkenstiff who wrote (5578)9/23/2002 9:20:12 AM
From: 16yearcycle  Respond to of 95479
 
We probably go as low on the sox as went high in the bubble and it will probably reinflate back to the mean in a similar time frame. I would think the low would have to be below 189, but that we probably won't get to 150. This should take place within 6 months in a worst case scenario.

Looks like we spent a year above the top of your channel and it may well be that we will spend the same amount of time below the bottom line of your channel. If we mirror it very closely, the low would have to be withing the next 3 months, and then we would get back to the lower channel line within another 6-7 months.

Just my wag.



To: Justa Werkenstiff who wrote (5578)9/23/2002 9:48:57 AM
From: chainik  Read Replies (1) | Respond to of 95479
 
Justa, thanks for the charts (SOX and SOX/SP). I do not think, however, that 1995-1998 can be considered a norm. Trading on the assumption that sox will eventually return to its "long-term channel" is dangerous. For that matter trading on the basis of any 7 year long chart is dangerous.