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


To: Rarebird who wrote (88707)7/22/2022 10:30:52 AM
From: Return to Sender1 Recommendation

Recommended By
Sam

  Read Replies (2) | Respond to of 95487
 
You are right. Can you show a few examples? That would be instructive. We have seen a greater than 20% rally from the bottom of the downtrend. My greatest worry is that the market might no longer be in a bear market.

Common sense tells me I am wrong to think that. But humility leads me to admit I have been wrong all too often. If I am wrong now we will know within a week or so. If this were to be an end up the bear market, or even an extension of a bear market rally with some legs, then the SMH needs to stay above the top of the upper trendline and do it on higher than average volume:



If I am right then I merely have to wait for the next opportunity to go long when we reach the lower trendline and hit that a time or 2. Might take a while!

RtS