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

To: Return to Sender who wrote (53568)	9/5/2011 9:12:25 PM
From: Jacob Snyder	2 Recommendations Respond to of 95567

2M charts: SPX, SOX, KLIC: SPX: In a horizontal channel since 8/4, with the 5Yma as the top. Futures down 30, but that still leaves us in the channel. Next time SPX hits 1220, I'm going to cover my Treasury short, and decrease several long positions, with the goal of getting up to 60% cash (from 40% now). SOX chart very similar. KLIC: I will re-short KLIC if SOX hits 360. I'm already regretting covering too soon. Should have been more patient, and waited till we hit the bottom of the channel. I won't be bottom-fishing in tech tomorrow, even if we hit new lows. It's short positions I want more of.