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

To: Cary Salsberg who wrote (10109)	6/13/2003 7:06:46 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95525

Tonight looking back at the BP Indices I note that it is possible for the BPNDX to fall fairly precipitously without the NASDAQ losing a tremendous percentage of its value. investorshub.com Unfortunately it is also possible for the NASDAQ to fall very hard. Today the BPNDX lost another 2 buy signals. This is the largest drop in buy signals so far since the uptrend began back in March. Has a new downtrend begun? Probably. We are at what I expect is the neckline for the SOX on its chart at 359. One close below 359 may mean a trip down towards 332 for the index before we hit enough significant support to rally back higher. stockcharts.com[h,a]daclyyay[pb20!a332!b200!c13!c20!c50!a359!d20,2!f][vc60][iUb14!La12,26,9!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G This is in fact what I expect to see happen. The SOX will either have to find a great reason to bounce early next week or else we will see 332 before we have any hope of the decline reversing. JMHO, RtS