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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (86741)	12/2/2003 8:26:11 PM
From: SwampDogg	Respond to of 209892

Volume is helpful here and on many of the semis. Price can keep going higher but these will have to come down to at least test the lows that were set on heavy volume. KLAC is the same thing. The question is not whether these drop 10% in the near term, the question is whether they break down entirely. We may have a little more to go here on the upside but not much. If you look at many of these stocks (IBM, KLAC, EBAY, AMZN etc) what have they done in the last few months? Just trying to see the forest through the trees here and the real opp is short. Clear 5 waves down on AMZN off the top and a retrace on BS volume. Kind of looks like a fractal of the S&P long term.