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

To: Donald Wennerstrom who wrote (42626)1/12/2009 11:56:18 AM
From: Return to Sender  Read Replies (2) | Respond to of 95530
 
Looks like we have the potential here for the SMH/SOX to be sliding below the lower trend lines of the upward channel. No real volume so far to speak of so the jury is still out.

I continue to be of the opinion that it would be far too easy for AI to be right about there being a fifth wave down coming based on the lack of volume to support a lasting bottom.

RtS



To: Donald Wennerstrom who wrote (42626)1/12/2009 12:10:44 PM
From: Kirk ©1 Recommendation  Read Replies (2) | Respond to of 95530
 
SOX is hugging the support line


I wonder if I can show SMH with the same chart



A buy of SMH with a stop just below a lower low... might be a good risk/reward now....

or a fatter pitch is wait for a test of the low, which I may do since I bought shares of individual stocks very near the lows and did not take profits on this run up...


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