3 replies to this topic

[hiker]

Wednesday, 4/4 KLAC price action moved above the $54.34 to 54.66 highs that have been in play since summer 2004....and closed on 4/4 above the Point & Figure chart breakout price of $55.

one option for downside risk measurement is the now failed downtrend line on the lifetime monthly chart.

4/4 closing basis -

Point & Figure chart price breakout alert by the 4/4 PnF chart -

http://stockcharts.c...llery.html?klac

will the breakout above multi-year horizontal resistance be sustained?

analyst upgrades the sector 4/4 -

http://www.marketwat...l...o&dist=yhoo

posted some of this info. last night at my TT blog -

http://www.traders-t...?...;blogid=26

Edited by hiker, 05 April 2007 - 10:43 AM.

[Cirrus]

hiker, KLAC is the best looking large cap semi supplier out there chart wise--ate least it's acting the best. I'm in VRGY and MKSI big. They are swing position trades. I also own VSEA. All of these stocks have gone higher while the SOX has gone no where.

[hiker]

disclosure - i bought KLAC on 3/14 and have been adding since.

[Rogerdodger]

I think money is moving from oil to tech.
Even the radio guru got this one right:
http://stockcharts.c...4129&r=8916.png