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


To: The Ox who wrote (13377)2/16/2004 5:54:30 PM
From: The Ox  Respond to of 95765
 
I've posted this chart a few times but I still like to look at it when contemplating the big picture, TA wise:

stockcharts.com[h,a]wahannay[df][pf][iub14!ub5!lh14,3!la9,21,6!ld7!ld21][J12340584,Y]&pref=G

The upward bullish bias is still in place based on this chart and would hold up even if the SOX were to back off to the 440-450ish area:

stockcharts.com[w,a]dahannay[dd][pf][iUb14!Ub5]&pref=G

From a short term perspective the 468 area is a place to watch and a break below there would not look good. However, given my view that the major bullish trend won't be broken until the 440-450 area is blown through I wouldn't get too bent out of shape if we find our way below 468. From a very short term view, the 490-495 level should be watched and a rebound up from this area could be very strong. I think AMAT's earnings will have the most influence on which direction the SOX heads this week.

stockcharts.com[w,a]dahannay[dd][pf][iUb14!Ub5]&pref=G