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Technical Analysis DIOD SWSI EPIQ SEIC OIH NASDAQ
Monday, December 4, 2006
Closing Bell update- DIOD, EPIQ, SEIC, SWSI, $COMPQ & OIH

Diodes Inc. - DIOD - Daily Chart

Diodes Inc. manufacture Analog/mixed signal ICs and semiconductor components, telecom and consumer markets. Everyone should know that I am not a big fan of chip stocks. However, for portfolio diversification purposes I have selected this stock because of the great pattern that it is in. The daily chart of DIOD illustrates that it has broken out of out of a symmetrical triangle. Recently it had a wave 3 to 4 pullback to back test the uptrend line as well as fill the gap. DIOD held the uptrend line and is now forming an ascending triangle. Indicators and oscillators are in a 1-2-3 bullish trend reversal. Pattern, wave structure and trend all indicate that this stock is going higher. DIOD closed up 2.94% today to close at $42.30.

Epiq Systems, Inc. - EPIQ - Daily Chart
EPIQ is a bankruptcy software play. It has broken out of a falling wedge reversal triangle and has been basing in a rounded bottom for the last 12 weeks or so. You can see when it made it's recent low that the moving averages crossed over. Furthermore, indicators and oscillators are in a 1-2-3 bullish trend reversal and showing bullish divergence along with price. EPIQ closed up 2.18% at 15.92. EPIQ I think everyone should own this stock.

SEI Investments Co. - SEIC - Daily Chart
SEIC is a Mutual Fund, asset management services provider for institutions and professional investment services in the business sector. As with a lot of our stocks right now, SEIC is also in an ascending triangle pattern. Indicators and oscillators are in a 1-2-3 bullish trend reversal and showing bullish divergence along with price. SEIC closed up 2.07% at 59.27.

Superior Well Service- SWSI - Daily Chart
SWSI is in the Oil and gas equipment services sector. SWSI is in a falling wedge reversal pattern. The Aroon indicator is showing some whipsaw action, but the rest of the indicators and oscillators are reversing to the upside, and showing bullish divergence along with price. SWSI closed up 3% at $24.70 on heavy volume.

NASDAQ Composite ($COMPQ)- Daily Chart
As you can see, today the $COMPQ rallied sharply off of the Friday's lows, and is securely trading within it's uptrend channel. You can also see that the $COMPQ rallied up today on higher volume thereby reversing Friday's head fake selloff. We knew that this was going to happen when we looked at futures this morning. Indicators and oscillators are in a 1-2-3 bullish trend reversal.

Oil Services Holders ETF (OIH)- Monthly Chart
The monthly chart of the OIH illustrates that it has broken the down trend line of it's wave 3 to four pullback to the 34 EMA on the heaviest volume in it's trading history. The OIH remains in an up trending channel on the monthly chart. Indicators and oscillators are in a 1-2-3 bullish trend reversal. Price target is much higher from here, but we won't reach that target, which is off the chart) until sometime next year. (Do not buy short term options on this index.)
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