Possible SMH exhaustion...
#1
Posted 11 January 2007 - 11:32 PM
http://www.marketwat...d=498466134.png
SMH closed with a hanging man right on top of the upper BB. The SMH FastSTO has turned negative and the SlowSTO is about to go negative. IMHO, SMH will be headed lower into OPEX week and possibly OPEX. SMH had heavy distribution volume of 2.5 times its daily average volume.
Cheers,
Bob-C
#2
Posted 11 January 2007 - 11:49 PM
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
Posted 12 January 2007 - 12:26 AM
Hi RD, thanks for the comments and information.That's because the radio guru told his gang to take profits today.
They bought AMAT, INTC, SMH and others near the first of the year.
Cheers,
Bob-C
#5
Posted 12 January 2007 - 09:18 AM
Hi everyone, here is a major warning from AMD!
Cheers,
Bob-C
Bob,
Also take a look at the KLAC chart - a major component of SMH.
Almost identical.
#6
Posted 12 January 2007 - 09:28 AM
http://www.holdrs.co...
#7
Posted 12 January 2007 - 10:07 AM
Thanks KCScott, yes, the charts are very similar. Here is the six-month-daily KLAC chart:Hi everyone, here is a major warning from AMD!
Cheers,
Bob-C
Bob,
Also take a look at the KLAC chart - a major component of SMH.
Almost identical.
http://www.marketwat...d=509086251.png
The SMH chart now depicts a negative crossings of its signal lines on both the FastSTO and SlowSTO indicators..
Cheers,
Bob-C
Edited by Bob-C, 12 January 2007 - 10:11 AM.
#8
Posted 12 January 2007 - 10:34 AM
Thanks for the information Iblayz.KLAC is not a major component of SMH. INTC, AMAT, and TXN represent 51.58% of SMH. KLAC is only 4.47%.
http://www.holdrs.co...
Cheers,
Bob-C