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 : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (3491)	12/30/2002 10:47:14 AM
From: Return to Sender	Respond to of 13403

OT: The SOX is very much short term oversold. The five day chart shows an RSI below 30: stockcharts.com[h,a]faclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G From Briefing.com: Sector Watch: Semiconductor Sector index (SOX 290 -1.9%) falters after a positive start and has recently slipped back below the Dec low (291.24). Pacing the way on the downside today are: LSI -4.1%, MU -5.2%, MOT -4.4%, XLNX -2.4%, TXN -2.4% and TER -2.2%. Supports for the SOX index are at 287 and 285 in front of the more important floor at 281/279 (Nov low, 62% retrace of Oct/Dec rally). Initial resistances area at 293 and 295/296. From me!: The TRIN is only 1.35 now: finance.yahoo.com^STI.N+AMAT&d=c&t=1d&l=on&z=b&q=l That short sale of yours is paying off handsomely. We appear to be headed back to 1320 at least on the NASDAQ Composite and that is another full twenty points of downside. Looking for a TRIN count over 2.0 before we get a reason to rally even short term. The put to call ratio is too positive for a turn around too. Look for a number over 1.0 before the market finds a bottom: cboe.com RtS