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


To: michael97123 who wrote (12520)11/14/2003 12:18:09 PM
From: Return to Sender  Read Replies (1) | Respond to of 95456
 
I almost bought some ASYT to balance out my AMAT short position but I rethought that move.

So far my short term indicators are neutral at best with the put to call ratio surprising low today to me:

investorshub.com

cboe.com

This is at a time that we are basically past earnings season. So the market could fall due to uncertainties.

I don't think there is likely to be any serious reason to believe 2000 won't be taken out in perhaps late December, or early January, unless we get too much evidence of either weakness in the economy or enough heat to scare investors about an impending interest rate rise from the FED.

So anyway... I am watching for the SOX to find real support on another touch on the lower Bollinger Band. Currently that resides all the way down at 451 but I am expecting more like 480 when that touch of the lower Bollinger Band happens in a few weeks:

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]

That's when I want to play some swing trades.

RtS