ETF SWING & DAY TRADING

[Torqputty]

SMH projection (chart)

chart1,sox, has a target of mid bollinger,

chart2, sox, the bullish flag has broken out with a target area in light blue

chart3, smh, target area is mid-bollingers also pay attention to the macd

chart4, smh weekly (very bullish) significance are the lower trend line, white candle above bollinger and a williams thats about to unleash

Put it all together;
currently the charts are bullish with a minimum target to the daily mid-bollingers, the weekly SMH chart is the bullish of all with a white candle above the lower bollinger and a williams about to break-out. So, a very good case for the bulls.

My sentiment is to the downside with a target of $34.43. The charts are indeed bullish, but not all my indicators are in. i have no wash-out, no spikey candle, no weekly stoch break. I am positive the SMH h/s pattern will materialize but am prepared to me wrong and will draw the line with the daily macd break out (chart 3)

Tax season since 2002
i tallied the last 10days of march and the first 10 days of april, the last week of SMH trading in march have been 2 flats,1drop and a 3point gain, that data is inconsistent for me, the last 10 days of april have been 1 flat, 1gain and 2drops, below is how i divided the time frame,

current semi's position is cash

my message is for traders holding stocks more than one day,
a question would be, why not add long now? 1) its hard to go long when your sentiment is down. 2) i will add a small position to keep up with the mental short term bullishness, 3) i don't make greedy money every day, i build slowly, break even and cut losses early, greedy money comes once a week,

Chart1, sox


Chart2 sox, the boot


Chart3 smh


Chart4 smh weekly


12-Apr-02 43.75 43.98 42.95 43.70 3,116,800 43.19
11-Apr-02 43.90 44.58 43.18 43.38 3,992,100 42.87
10-Apr-02 43.93 44.60 42.80 44.38 6,057,800 43.86
9-Apr-02 45.30 46.12 43.65 43.82 7,095,600 43.31
8-Apr-02 44.01 45.65 43.61 45.40 4,481,900 44.87
5-Apr-02 46.25 46.53 45.15 45.25 3,410,400 44.72
4-Apr-02 45.10 46.38 45.00 45.91 3,246,600 45.37
3-Apr-02 46.29 46.68 44.74 45.30 5,185,500 44.77
2-Apr-02 46.85 47.19 46.16 46.23 4,022,700 45.69
------------------------------------------------
1-Apr-02 46.10 48.19 45.75 47.75 4,750,700 47.19
28-Mar-02 46.55 47.29 46.40 46.53 2,463,500 45.99
27-Mar-02 46.17 46.18 45.23 45.75 1,793,200 45.22
26-Mar-02 44.95 46.66 44.80 46.15 3,690,200 45.61
25-Mar-02 46.60 46.99 44.95 45.05 4,771,000 44.52
22-Mar-02 47.07 47.26 46.19 46.25 4,728,800 45.71
21-Mar-02 45.83 47.16 45.63 47.04 3,744,000 46.49
20-Mar-02 46.80 46.80 45.75 45.76 4,403,300 45.23
19-Mar-02 47.15 47.96 46.67 47.43 2,571,700 46.88
18-Mar-02 47.25 48.00 46.42 46.94 6,807,300 46.39
15-Mar-02 45.35 46.74 45.35 46.64 5,056,700 46.10


14-Apr-03 23.48 24.14 23.30 24.10 4,482,600 23.82
11-Apr-03 23.95 24.40 23.28 23.45 4,476,400 23.18
10-Apr-03 23.61 23.88 23.30 23.71 5,389,300 23.44
9-Apr-03 23.92 24.26 23.42 23.49 6,081,000 23.22
8-Apr-03 24.70 24.76 23.76 23.89 7,994,100 23.61
7-Apr-03 25.73 26.51 24.71 24.78 5,089,900 24.49
4-Apr-03 25.07 25.07 24.13 24.39 5,132,400 24.11
3-Apr-03 25.16 25.49 24.73 25.02 4,111,000 24.73
2-Apr-03 24.13 25.04 24.13 24.91 7,249,100 24.62
1-Apr-03 23.28 23.65 23.16 23.31 4,263,100 23.04
------------------------------------------------
31-Mar-03 23.91 23.92 23.09 23.09 9,409,100 22.82
28-Mar-03 24.66 24.98 24.25 24.39 4,568,700 24.11
27-Mar-03 24.81 25.11 24.56 24.89 5,530,200 24.60
26-Mar-03 25.20 25.50 24.98 25.10 3,966,100 24.81
25-Mar-03 25.02 25.52 24.76 25.21 7,926,600 24.92
24-Mar-03 25.15 25.65 24.91 25.00 8,331,400 24.71
21-Mar-03 26.10 26.50 25.95 26.36 6,678,700 26.06
20-Mar-03 25.45 26.15 25.05 25.75 6,218,000 25.45
19-Mar-03 25.50 25.75 24.86 25.55 6,572,400 25.25
18-Mar-03 25.21 25.67 24.85 25.62 6,795,600 25.32



15-Apr-04 40.51 40.60 38.87 39.17 31,798,400 38.74
14-Apr-04 40.41 41.07 40.21 40.50 14,699,500 40.05
13-Apr-04 41.58 41.60 40.55 40.83 12,267,900 40.38
12-Apr-04 41.30 41.43 40.73 41.34 9,267,000 40.88
8-Apr-04 41.55 41.56 40.71 41.05 9,970,000 40.60
7-Apr-04 40.86 41.20 40.28 40.88 15,823,100 40.43
6-Apr-04 41.35 41.40 40.55 40.98 14,632,900 40.53
5-Apr-04 41.36 41.97 41.19 41.92 13,051,300 41.46
2-Apr-04 41.30 41.50 40.86 41.41 20,611,500 40.95
1-Apr-04 39.67 40.49 39.13 40.13 18,263,200 39.69
---------------------------------------------------
31-Mar-04 39.59 39.90 39.09 39.50 17,023,200 39.06
30-Mar-04 39.42 39.60 38.83 39.55 17,840,100 39.11
29-Mar-04 39.55 40.06 39.38 39.51 14,519,600 39.07
26-Mar-04 39.52 39.83 39.10 39.18 13,969,200 38.75
25-Mar-04 38.40 39.66 38.37 39.53 24,175,300 39.09
24-Mar-04 37.36 38.43 37.24 37.96 22,780,400 37.54
23-Mar-04 37.70 37.92 36.86 37.25 23,485,200 36.84
22-Mar-04 37.30 37.67 36.85 37.37 24,770,300 36.96
19-Mar-04 39.04 39.05 37.63 37.63 13,962,700 37.21
18-Mar-04 39.50 39.81 38.80 39.04 19,083,700 38.61



15-Apr-05 30.54 30.58 29.88 29.91 33,356,600 29.69
14-Apr-05 31.32 31.39 30.86 30.90 27,810,900 30.68
13-Apr-05 31.84 31.92 31.22 31.40 27,490,000 31.17
12-Apr-05 32.13 32.16 31.26 32.08 38,086,000 31.85
11-Apr-05 32.42 32.61 32.17 32.21 14,858,200 31.98
8-Apr-05 32.60 32.86 32.46 32.49 20,023,400 32.25
7-Apr-05 31.98 32.70 31.96 32.67 22,276,600 32.43
6-Apr-05 32.30 32.53 32.05 32.11 24,535,500 31.88
5-Apr-05 32.06 32.42 31.95 32.09 30,449,500 31.86
4-Apr-05 32.22 32.25 31.74 32.06 24,185,500 31.83
1-Apr-05 32.73 32.85 31.96 32.08 30,704,800 31.85
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31-Mar-05 32.85 32.85 32.44 32.53 27,448,500 32.29
30-Mar-05 32.33 32.90 32.22 32.89 25,889,800 32.65
29-Mar-05 32.50 32.72 32.06 32.17 28,847,100 31.94
28-Mar-05 32.73 33.10 32.54 32.56 18,506,400 32.32
24-Mar-05 32.85 32.90 32.55 32.65 22,914,500 32.41
23-Mar-05 32.08 32.74 32.06 32.51 35,789,600 32.27
22-Mar-05 32.77 32.86 32.02 32.04 27,454,200 31.81
21-Mar-05 32.55 32.78 32.12 32.48 32,167,100 32.24
18-Mar-05 32.77 32.91 32.35 32.44 28,613,700 32.20
17-Mar-05 32.66 32.97 32.57 32.72 24,386,700 32.48