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


To: The Ox who wrote (5622)9/24/2002 9:49:19 AM
From: Return to Sender  Read Replies (1) | Respond to of 95480
 
Michael, this rally will be purely based on an oversold technical bounce fueled by short covering and bargain hunting. I expect no more than 10% from the bottom. For the SOX appears to be 231.59 today. So basically anything above 252 on the SOX will likely not last very long in my opinion.

stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10][vc60][iUb14!Uk14!La12,26,9]&pref=G

I agree with everything you said except that a short term rally can happen with no apparent catalyst. I'm not talking about the real bottom, just a short term rally.

RtS