Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Freep who wrote (110687)	12/28/2004 11:59:54 AM
From: Shack	Read Replies (1) \| Respond to of 209892

I agree about the semis. They continue to struggle with any sort of impulsive structure in either direction, but the trend albeit a fairly weak one remains up. KLAC actually just finished off a wiggle bullish wedge on the 60-120-min charts and looks pointed up now. That SPX wedge is by far the dominant pattern in the market for me right now. No way I take my off the ball right here, and for the record I think it hounds up. BTW, anyone who wants to track that wedge just put up a 60 or 120 minute chart and start it from the Dec 3 high. Thing of beauty.

To: The Freep who wrote (110687)	12/28/2004 12:12:39 PM
From: Henry J Costanzo	Respond to of 209892

<<I'm looking at a few semi charts...>> .....and I am too, Freep.....Including that so-called iH&S in INTC (which I think is still subject to some question marks)......Strong market, seasonals, and all that, and no way INTC can break a couple of little DT lines off the Nov and Dec highs... Likewise TXN...and NVLS.......and AMAT....etc......and, of course, the sagging SOX....(EDIT..and SMH, and GSM)..... ...and the indicator soup...still IMHO a pretty mixed picture (aside for Shack....Freep first mentioned this)...so what's it gonna take to goose the semis ??? Biotechs quite another story........but assume that's what's having its way with COMPX/NDX today.....