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Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%Dec 8 4:00 PM EST
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To: BWAC who wrote (12685)12/4/2003 2:41:44 PM
From: The Ox   of 95536
 
There is some talk that a couple of large hedge funds have been getting their butts kicked this year and are doing everything in their power to knock down this market. A break on the S+P above 1081 looks like it would be a clear signal to go up to 1160-70, which would only cause greater pain for those funds who have been hammered by the upswing. I think we are seeing some "lines in the sand" being drawn by a few heavy bears who can't come to grips with this rising market. They will be able to hold up the march north for only so long, imo.
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