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

To: Jacob Snyder who wrote (53242)	8/14/2011 8:15:15 PM
From: pcyhuang	Respond to of 95541

Re: SOX This call is in conjunction with the following: Message 27565940

To: Jacob Snyder who wrote (53242)	8/14/2011 9:47:52 PM
From: Gottfried	1 Recommendation Respond to of 95541

Jacob, pc didn't say the BB was his indicator. He only said >After testing lower band of the Bollinger Band, the SOX seems to have bottomed< I think it's primarily his judgement call based on experience. Since nobody knows what Black Swan event will hit us next, the statement must be for now. We all have noticed that "the market looks ahead 6 months" does not help when there is market action like last week's.

To: Jacob Snyder who wrote (53242)	8/15/2011 2:32:10 AM
From: marc ultra	Respond to of 95541

I'll add my 2 cents. The closing correction bottom was at S&P 1119 on Mon 8/8 and the intraday bottom of 1101 was put in the next day in the initial post-Fed sell-off. That 1101-1119 area will prove to be the area of the correction bottom. The only question is if after some turbulence and rallying we will have a final retest of that area which would most typically happen in the Oct-Nov time-frame. I think the odds favor a final retest will happen but it's far from a sure thing. The market is pretty compelling where as it is,but if we do get that retest it will be a screaming buy. A possible retest it would be accompanied by the usual scary headlines and negativity. We're looking at a 1998 scenario IMO. Also it's pretty simple to say when I'd be proven wrong. We were down around 18% at the bottom so if we drop substantially below that for a reasonable period of time we'll be down over 20% in bear territory and I'll be proven wrong.