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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Sat Aug 07, 2004 10:09 am Post subject: SMH (Thu: Below lower downtrend line, relatively cheap) |
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Semis typically lead tech stocks, and indices are safer than individual stocks (since there are more factors that influence individual stocks than indices). SMH lead Nasdaq lower. So, SMH may lead Nasdaq higher. There may be a high return to risk ratio (compared to other techs) with SMH at current levels. |
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