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


To: Softechie who wrote (8757)2/24/2003 9:53:28 PM
From: Return to Sender  Read Replies (2) | Respond to of 95640
 
Lets say I want to agree with you Softie. After all I am short AMAT as of this morning. Still, the SOX is not so overbought that it could not attempt to run up a bit more from here. Until the SOX has an RSI of 70 it is not a foregone conclusion that it must fall in my opinion. Even then it could stay overbought for a while in a bull market.

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14]

Of course this is not a bull market so since the head and shoulders neckline does not want to stop acting as resistance, as you mentioned, one would think that the next move should be down.

RtS