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


To: Gottfried who wrote (9263)4/3/2003 5:08:11 PM
From: Return to Sender  Read Replies (2) | Respond to of 95632
 
We got another black candle on the NDX tonight G. Take a look at this chart and you will notice that the indecisive doji's don't do a great job of predicting a direction change unless they are seen in concert with Bollinger Band penetrations and RSI extremes.

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]&pref=G

That is not the case here so the market could continue higher. Or it could head back lower since today's volume was tepid. Anyway a BPNDX of 75 sounds reasonable to me. It's the line I would use as a warning to take profits from long positions until it is certain the bear market is dead.

RtS