Replies to post #509 on Sector Investing

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STM, TER, TSM, TXN, XLNX, SMH - 6 Month Daily Charts:







http://finance.yahoo.com/q?s=@^soxx&d=t

On a technical basis, the SOX has formed an ascending triangle this past month. This formation is developed when the highs remain constant, with the lows moving higher. This consolidation pattern normally precedes a large breakout move for the stock or index. This is something to keep an eye on.

http://www.optionetics.com/articles/article_full.asp?idNo=8829

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Take a look at MU for a chart that might be developing a nice cup and handle situation:



Imagine if you will that this stock falls below 12 as we get into the month of September.

Cup with handle buy?

If we do get a strong economic recovery continuing later this year then MU with the tariffs be enforced on Hynix could really take off again.



5 year high for MU is 97.50!

RtS