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


To: Gottfried who wrote (13504)2/23/2004 11:49:50 AM
From: Kirk ©  Read Replies (1) | Respond to of 95652
 
When does TA say sell?
Some use the 200 EMA crossing the 50 day EMA...

They look pretty bullish to me yet
investorshub.com

we could be in the flat, correction zone seen in mid 1999 on this chart:
stockcharts.com[h,a]daclyyay[d19970601,20041231][df][pb50!b200!f][vc60][iUb14!Lc20]&pref=G

It will be interesting to see if the 200 DMA provides support for the big winners of 2003 such as LRCX. Currently, the RSI and CMF support a huge bounce off the 200 DMA for LRCX. UTEK, another I like to buy and sell, shows a similar "readyness" for a bounce:
stockcharts.com[h,a]daclyyay[d19970601,20041231][df][pb50!b200!f][vc60][iUb14!Lc20]&pref=G

(Disclaimer, I've added shares to both recently...)

The problem I remember from when I learned in August there was excess capacity available: The stocks I liked such as LRCX were alreay 50% off its peak. My guess is those insideers who knew they were not getting new orders for chips started the selling... but who knows? THe market usually predicts fundamentals....