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Technology Stocks : Semi Equipment Analysis
SOXX 309.36+2.2%Dec 3 4:00 PM EST
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To: Return to Sender who wrote (11890)9/28/2003 11:10:49 PM
From: The Ox   of 95520
 
I would look for some very solid support on the SOX between 412 and 408 and probably a lot of dip buying if it breaches 400. 20% off the high would take us down to around 380ish, fwiw. I suspect we will get plenty of dip buying after Tuesday, if not before. The bear is still fresh in everyone's memory so a couple of days more of selling should be expected, especially with the end of the quarter looming. Plenty of "painting" to be done by our friendly lemmings, er..., fund managers.
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