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.

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

To: Return to Sender who wrote (47535)	4/23/2010 4:00:15 PM
From: Kirk ©	Read Replies (1) \| Respond to of 95420

Very nice chart. I've been searching for some sort of sentiment chart that was bullish such as that. So many charts are "over bought" so people right and left are calling for tops but if I look at my individual stocks, like LRCX or FNSR or even Intel, their charts are very bullish... probably a case of sentiment in typical sense being correct for now. I wonder how long we go before another correction like the Jan/Feb correction?

To: Return to Sender who wrote (47535)	4/23/2010 4:59:31 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 95420

You are entirely correct, that it would be safer for me to reduce long positions, rather than shorting. What do you think of this chart: stockcharts.com My interpretation: The stock (and sector, look at TAN) are not participating in the bull market that began in early 2009. I can put a ruler along the tops, going from the all-time high in May 2008 (oil at $150) to today. It's a downtrend, defining where every rally has failed. The stock rebounded from the recession lows, with the rest of the market, but only up to that "failure line". My plan: short, in increments, when the stock reaches its 200dma. Cover at 100.