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Technology Stocks : Semi Equipment Analysis
SOXX 313.69+4.2%Jan 2 4:00 PM EST

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To: Donald Wennerstrom who wrote (13639)2/29/2004 8:47:20 PM
From: Return to Sender   of 95663
 
The futures look pretty strong tonight as I am sure you have probably noticed already:

cme.com

I'm really not expecting that the SOX/SMH will suffer any kind severe breakdown but until we get a little fear back in the market we are not too likely to run much higher either and a breakdown is possible.

I don't think fundamentals matter as much as they could right now. We have too much complacency. A little scary breakdown might just take care of that and bring the institutional buyers back.

So don't rule out a breakdown of the SOX/SMH or think that it would necessarily be a bad thing.

RtS
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