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

To: Return to Sender who wrote (39708)7/28/2008 10:12:53 PM
From: Kirk ©  Respond to of 95621
 
Yup, and technically, the market looks like toast with a test of support turned resistance and then back down....so it could get bugly.... or not.



To: Return to Sender who wrote (39708)7/29/2008 2:19:30 AM
From: EACarl  Respond to of 95621
 
RE "the market subsequently made its lows in October 1990"

And this sector hit bottom in OCT of 1998 and OCT of 2002.
Why not a 4th time?
Institutional tax selling in SEP/OCT on some of these small caps can create a temporary supply/demand imbalance that creates V-bottoms. Will history repeat? There's no assurance, but I for one will be keeping some purchasing power available for that possibility.


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