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


To: Return to Sender who wrote (8976)3/13/2003 9:27:07 PM
From: Kirk ©  Read Replies (1) | Respond to of 95587
 
It's hard for me to believe the bear market just died over the last couple of trading sessions.

This is how the 1998 mini bear ended

COMPQ: stockcharts.com[h,a]dhclyymy[d19980909,19990101][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]

SPX stockcharts.com[h,a]dhclyymy[d19980909,19990101][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]

$SOX stockcharts.com[h,a]dhclyymy[d19980909,19990101][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]

and my fav, LRCX: stockcharts.com[h,a]dhclyymy[d19980909,19990101][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]

Sheet! I'd forgotten just how relentless the SOX was to the upside...



To: Return to Sender who wrote (8976)3/13/2003 9:50:36 PM
From: Sun Tzu  Read Replies (2) | Respond to of 95587
 
> We got lots more volume on the rally than we have been seeing on the selling

No buyers on down days. Short covering on up days.

> is this rally the real deal?

Depends on what you mean by that. The near complete lack of buyers is a sign of bottom and is often fallowed by good rallies. It was a mistake on my part not to have position myself well for today...any way absolutely no buyers + short covering = bottom.

However, bottom does not equal bull market. I think one of these two scenarios will unfold within a few months (a) we start a stock pickers bull market or (b) we'll have the kind of market that not even a skunk can make a cent. i.e. we go no where on no volume.

Unfortunately I cannot take the effect of possible war into account. So the above is based on what to expect in a few months where hopefully war uncertainties have been resolved.

ST