Shares of Hewlett Packard (NYSE: HPQ) have rolled over, suggesting that the next few weeks may be difficult for the technology sector.



Chart Courtesy of StockCharts.com



In fact, since the rumblings about Apple's tablet hit the hype stratosphere, HPQ has been waffling. It doesn't help that HP lost the title of world's biggest tech firm based on sales to Samsung. And it doesn't help that HP's own tablet isn't inspiring anybody, since Apple's is already considered to likely become the market leader.

But beyond that, it looks as if the sellers are starting to overwhelm the buyers. Simply put, HP is off over 10% in the last week, falling further than the S & P 500, which is off roughly 6% over the same period.

Volume on the HP selloff has been rising, which means that people are starting to want out in a hurry. And the stock is approaching the 47 area, which is fairly good support.

How much lower can HP go? It looks as if the 43-44 area may hold things up if it breaks below 47. A fall below 43-44 would take the stock below its 200-day moving average, which as familiar readers know, is the line that divides bull markets and bear markets.

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