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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST
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To: Return to Sender who wrote (13783)3/8/2004 9:06:05 AM
From: robert b furman   of 95531
 
Hi RtS,

Nice charts.

I like tthe many ADX crossovers either already achieved or very close to occurring - once again a nice set up for new highs.

I have my doubts about the resource sectors.As the recession set in (2000 - 2002) many mines/plants were shut down.

Many people forget that initial demand for raw materials creates a pop up the commodity price.This pop reopens the more expensive mines as price has rejustified their operation.As additional supply comes on - price is moderated as the shortage feature of the resource is diminished.
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