4/18/2007 10:23:58 AM
It seems that $SOX/SMH want to join "Breakout" market ..
As shown on the daily chart, SMH is near at the breaking out zone and $SOX is trading above 7yr down Trendline resistance.
http://www.investors...age_id=18886390
http://www.investors...age_id=18883981
SMH: Info System UPGRADE due as we hear many are going online to communicate. Blackberry problem is just one example that our computer system and network need to be upgraded to meet the demand and speed since we are experiencing higher demand, faster speed with faster chips, as well as greater functionality of software requiring better hardware functionality.
Chip/Technology upgrade
http://www.stockchar...98557&r=872.png
http://www.stockcharts.com/c-sc/sc?s=$SOX&p=M&yr=10&mn=11&dy=0&i=p22616739083&a=80631671&r=966.png
http://www.stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=0&mn=9&dy=0&i=p93451941454&a=71270540&r=427.png
DOW 12795.63 hod... getting close to... 12795.93 hod
DOW is approaching higher/high HOD heading to 12795.93 on 2/20.
$SOX/SMH positive price action is certainly helping and, breaking above the trading range, will confirm the recent market breakout.
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p31631774778&a=76966992&r=329.png
Edited by Trend-Signals, 18 April 2007 - 10:51 AM.