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

To: Jacob Snyder who wrote (53949)	9/28/2011 5:23:10 PM
From: cluka	1 Recommendation Read Replies (1) \| Respond to of 95520

Jacob, You are way too pessimistic, please be careful. Shorting Semis into 4th qtr. is a dangerous game. You also must not blindly believe charts. We are driven by news flow and it trumps technicals. Today was a follow through on yesterdays reversal. Ideal setup here would be to see declines across the board going into weekend, then big down Monday. That would be an ideal setup for the bottom but it would be too easy. Something of the sort will happen over the next couple of weeks but maybe not such a perfect setup. Euros will fork over the "gelt" to the banks and Ben will not be far behind. You are bound to have a nice rally into year end no matter what.

To: Jacob Snyder who wrote (53949)	9/28/2011 5:39:06 PM
From: brokenst0nes	Respond to of 95520

MU reports after bell Thursday.

To: Jacob Snyder who wrote (53949)	10/3/2011 4:46:26 PM
From: Jacob Snyder	1 Recommendation Read Replies (1) \| Respond to of 95520

SOX, SPX need to bounce right here, or they both have another big leg down. They are both at critical support levels. SPX took out the August low today, closing below 1100. SOX closed just above the August low, and only modestly above the 2010 low. VIX came close to taking out the August high (48), and has failed repeated attempts to get below 30. AMAT took out the 2010 low, falling below $10. MU down 14%. I did nothing today, just sat and watched. Tomorrow, if today's lows hold (and if the VIX doesn't get above 48), I'll cover all my shorts. If today's lows don't hold, then I'll continue doing nothing. Some sectors and stocks (like AMAT) are starting to get into the range they were in, during the market bottoming of November 2008 to April 2009. Some (like AAPL) are still close to their bull market highs. This presents both long and short opportunities, for paired trades.