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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (14941)12/11/1997 1:11:00 PM
From: tech fool  Read Replies (1) | Respond to of 68182
 
Judy, I've been following your posts and trust your cautious optimism. I believe the tech sector will turn around based on the apparent market fundamentals (low interest rates, etc), but many of the stocks I've been following are making descending triangles (KLIC, KLAC, AMAT), a bearish sign confirmed by KLIC today. My question is, how do you think the bottom will be established? I've looked at March 1997 declines for comparison and bottoms look fairly rounded, ie no quick recoveries. What pattern are you looking for good entry points?

windsurf