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

To: BMcV who wrote (15502)	6/2/2004 11:38:01 AM
From: Return to Sender	Respond to of 95358

Bruce, a downtrend is in place until we begin to see a series of higher lows and higher highs. stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!e5!d20,2!f][vc60][iUb14!La12,26,9!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G We did get a recent higher low that could have led to a new uptrend but so far no luck. We are in a downtrend. I think it is possible that the next low for the SOX could be near 420 or so but that is just me eyeballing the chart. The last is just my humble opinion but my statements about a downtrend can be best explained perhaps by using a charting term called a price channel. There currently is a bearish price channel in place for the SOX which is where my target of 420 is coming from: stockcharts.com RtS

To: BMcV who wrote (15502)	6/2/2004 11:38:36 AM
From: Kirk ©	Respond to of 95358

Good comment: That is possible. On the other hand, we have had six or seven days of good gains, so a sharp selloff is not out of character for a bottoming process either. You can see it pretty easily from this set of charts where the stocks often correct back to the blue lines after nice runs. stockcharts.com\|B\|c20 Ideally, we want the red line to turn to support on these graphs... stockcharts.com\|D\|C20 as that would signal a trend change and an end of the correction. It is interesting how some have made the transition and others have not.