2 replies to this topic

[hiker]

TXN, INTC, NSM, KLAC are a few of the leaders...what do you think the message by these leaders of the price uptrend is? king price is saying something here..see INTC chart at the bottom of this post.



a post history for SOX from Sept '06 to Jan '07 -

http://forums.techni...post?id=1377173

nearby Horizontals for SOX (not all shown in this vicinity) -

what do you think last week's close above the horizontal means? horizontal R is now support while it lasts...



38 tech stocks (including telecommunications) on this list are within 3% of their 52-week intraday highs as of 6/15 close -

http://forums.techni...post?id=1961162

INTC weekly

the breakout above the $22.10 Ted Burge horizontal is shown -

Edited by hiker, 17 June 2007 - 08:22 AM.

[hiker]

the starting point of this SMH conversation marked the bottom in SMH for 2007 (good call Turkey...Turkey said at the time - " this could be the bear trap of the season.") -

http://forums.techni...post?id=1644356

so, what now that we are back up in the heights? (Is this the bull trap, or just a giant short squeeze about to happen?) while at the same time now more advisory newsletters are bearish than bullish?

my final comment -

seems the market is somehow doing its best to keep many from participating in a visible factual price uptrend... through uncertainty and "trader talk" and bear top picking pessimism and fundamental talk

Edited by hiker, 17 June 2007 - 08:55 AM.

[hiker]

SMH just Friday made the highest weekly close since January 2006, after last week's downdraft...something is definitely going on that involves optimism on the part of money toward the sector.

btw, last week's SMH low was at the 20week ema...here is a real-time post that alerted that move in the works at the time..also posted real-time here at TT -

http://forums.techni...post?id=1942981

and I left the initial long entry way too early because I thought I could outsmart the price action at the time and get back in lower, which eventually the market offered up this week.

Edited by hiker, 17 June 2007 - 09:02 AM.