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

To: Return to Sender who wrote (56487)	6/3/2012 6:14:13 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95406

RtS, As you point out, the RSI is heading to, and getting close to 30. <<I am on record as saying I thought this selling might not end until the major averages see an RSI (14) of 30 on the weekly charts.>> The SOX is approaching 340, that is only 13.17 points away from this past Friday's close. The drop can easily be done in a week, or perhaps 2 to 3 weeks if we have a 1 week "relief rally" which can easily happen after the severe drop this past week. I would like to catch the next uptrend. After these past 9 weeks of a downtrend, the bottom is obviously getting closer. Once we hit 340 on the SOX, we could obviously go lower, but a lot depends on the "news" that we get on a daily basis. All of us on this thread need to "put our heads together" to see if we can find the bottom for this cycle and get in early on the next uptrend. Don