Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Paul V. who wrote (1997)	3/26/1998 9:26:00 AM
From: Ms. X	Read Replies (3) \| Respond to of 34811

Hi Paul, The Semi sector remember, is still coming down from the 60% level it was at before. It is still moving down. You need to watch your positions considering the sector could still move down if there is an overall market correction. If the sector reverses up under the 40% level, the field position is good. We would like to see the reversal up. An example of this is last October. Actually, September when the Semi's were the first sector to peal off before the correction. They were down I think 20% from above the 70% level when the correction occurred. Eventually the semi's reversed up but it wasn't until the reached 16% that they reversed up. AMAT did hold support and has reversed up from there. Your stop is 31 which breaks a double bottom and the bullish support line. I hope this answered your question. Let me know if I can explain better, Jan