24 replies to this topic

[Trend-Signals]

Breakout will not fail --- Qs targeting $50 since Qs has already broken above Dec 2001 resistance and is heading to May 2001 resistance at $50.

Also $SOX is already broken above 7yr down trendline as shown on the $SOX chart below.

The question is whether market will fail the breakout.... NO, I DO NOT THINK SO.


http://www.traders-t...showtopic=69380

[SemiBizz]

Well, that's certainly a lot more specific than "up like a scalded dawg". But Sentiment didn't get you that target...



As I have said all along, high volume always gets tested. While I'm not a hard over bull like you, I do see the case for a 2618 test on Nasdaq, 1/3/01. and a test of the monthly high volume high 2891 of 1/2001.



Frankly I don't understand why the SOX has gone sideways for the past 3 1/2 years, but so be it. It could have something to do with fundamentals ... and there I am an expert, but I never allow fundamentals to taint my technical outlook... but if I did, I would be forecasting a new low on these things, not new highs....



http://bigcharts.mar...&mocktick=1.gif

[Trend-Signals]

Frankly I don't understand why the SOX has gone sideways for the past 3 1/2 years, but so be it. It could have something to do with fundamentals ... and there I am an expert, but I never allow fundamentals to taint my technical outlook...

I never have noticed you before until today.


Now, you are an expert on WHAT? Fundamentals as a fundamental analyst for a big brokerage company?

If you have not noticed, I am also x-CPA with financial background, but I wouldn't claim as an Expert since I do not work for a brokerage company to specialize fundamental analysis of different companies.

With regard to sentiment comment, if you haven't followed my comments, you would not understand what I am referring to. Didn't fully explain on this particular post, but I didn't intent to invite "debate".


Don't have the time to debate with you since I posted that I am traveling and relocating until May.

But I thought that I would reply with a quicky one.

Edited by Trend-Signals, 23 April 2007 - 11:01 AM.

[SemiBizz]

I"m in semiconductors... the last 30 years or so. But let's not bore each other with the details. Have a nice trip/move....

[dasein]

[
I never have noticed you before until today.

That is too bad, semi has a very good handle on the semi industry (note name), is a very low key poster, and has shared "inside the industry" info with the board often. A broker/analyst could only wish to have that kind of knowledge or contacts...

klh

[bullishnot]

semi is a GREAT poster, anybody not noticing is missing out.

[mss]

Folks, right or wrong, I am sensing a little "testiness" in some followup posts. Semi can well defend himself and as a gentleman has backed off. It would be nice for all to do the same.
As a reminder:
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In order to promote a useful and beneficial environment to traders and investors, we attempt to maintain certain policies or "rules of the road."

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Thanks, mss

[Jnavin]

Traders Talk posting ratio: Bullish or bearish call/level of emotion of post = outcome.

[OEXCHAOS]

"Well, that's certainly a lot more specific than "up like a scalded dawg". But Sentiment didn't get you that target..." I'll point out that "up like a scalded dawg" is far more useful than a bunch of "targets" that would get you out far too soon. Big bearish extremes tell you not to sell too soon. Targets, of course, will get you out or short early on during an up move. I'm not saying that you can't screw up with sentiment. Some of us can screw up a three ring circus and find a way to lose on a trade with tomorrow's WSJ. I say, unless you're using tons of leverage, targets are "useless". Or worse. M

[SemiBizz]

As I said earlier, sentiment is great for bagholders.... Targets are just for traders.