Replies to post #39872 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

I am looking for over $47 on CCMP to close some long positions. Looks like we could get it today. Do you see it overruning $47 easily.

[TurboTrader]

Good target Zeev! We've been playing QLGC again today (in the Paltalk room), and a lot of other chip related stocks pushing up the NDX like MXIM, KLAC, NVLS, LLTC, and even XLNX :) - I just saw this from Briefing (after I typed that!!!) - 13:00 ET Semiconductors approach new two-month high : -- Technical -- SOX edges above the 300 level, pushing towards a new two-month high. Look for initial overhead at 302 followed by 312. Those two open the way to its 100-day simple moving average at 317. The favorable intraday tone would be placed in question on a failure to hold initial support in the area of 294. Sector components contributing to the move include: ALTR, NVLS, KLAC, AMAT, LLTC, AMD, MXIM, NSM, XLNX. Can't do attachments with this Investorshub deal so see the pics here: http://groups.yahoo.com/group/traderalliance_com/message/766

Market stalled at some of those resistance pivot levels, and stalling levels of various "indicators" noted in the colored table w/ lines (2nd attachment) from Barchart.com. But the first attachment has MUCH more useful levels. We stalled PRECISELY between TC1 and BP1 (depending on what time frame you use, and if you use the real body, versus the tails. When the DS is below the price, you DON'T want to be the wrong side of the market. (DS = Directional Swing pivot turning point area).

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID48080

See the charts at above link. I drew some Median Lines on the 30 min. chart :)

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