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Possible SMH exhaustion...


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#1 Bob-C

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Posted 11 January 2007 - 11:32 PM

Hi everyone, here is the six-month-daily SMH chart:
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
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.

#2 Rogerdodger

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Posted 11 January 2007 - 11:49 PM

That's because the radio guru told his gang to take profits today. :D They bought AMAT, INTC, SMH and others near the first of the year.

#3 Bob-C

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Posted 12 January 2007 - 12:26 AM

That's because the radio guru told his gang to take profits today. :D
They bought AMAT, INTC, SMH and others near the first of the year.

Hi RD, thanks for the comments and information. :)

Cheers, :)

Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.

#4 Bob-C

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Posted 12 January 2007 - 03:18 AM

Hi everyone, here is a major warning from AMD!

Cheers, :)

Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.

#5 KCScott

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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.
KC Scott Blogs at IBC: http://ibankcoin.com/kcscott/

#6 Iblayz

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Posted 12 January 2007 - 09:28 AM

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...

#7 Bob-C

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Posted 12 January 2007 - 10:07 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.

Thanks KCScott, yes, the charts are very similar. :) Here is the six-month-daily KLAC chart:

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.

Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.

#8 Bob-C

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Posted 12 January 2007 - 10:34 AM

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...

Thanks for the information Iblayz. :)

Cheers, :)

Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.