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


To: Return to Sender who wrote (53823)9/22/2011 11:39:01 AM
From: pcyhuang  Read Replies (2) | Respond to of 95546
 
Birth of a Bull Market

"Bull markets are born in pessimism, grow in skepticism, mature in optimism, and die in euphoria."


Source: Seekingalpha.com



To: Return to Sender who wrote (53823)9/22/2011 1:25:51 PM
From: Jacob Snyder2 Recommendations  Read Replies (1) | Respond to of 95546
 
RtS: excellent charts and commentary.

<we could certainly rally again after a retest of the August lows>

Yes. My bearishness does not exclude the possibility of an SPX rally all the way to the 200dma at 1283. However, the rising channel I saw earlier, now looks more like a horizontal channel. Strong resistance at 1220, the 5 Year moving average. If SPX goes to 1283, SOX (which has been stronger than SPX) could go to its 200dma at 414.

I haven't changed my downside target of 1020 Message 27561146