Replies to post #49217 on ajtj99's Market Pulse

[ajtj99]

There is a decent amount of support on KLAC in the 37-41 range:

http://stockcharts.com/def/servlet/SC.web?c=KLAC,uu[a,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

The daily chart sure looks like a low was put in recently:

http://stockcharts.com/def/servlet/SC.web?c=KLAC,uu[a,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

However, the monthly chart is still looking iffy.

Near term, it appears KLAC has reversed on the daily. Intermediate and longer term, I think we're not quite there yet.