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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: Donald Wennerstrom who wrote (2333)3/20/2002 11:24:32 AM
From: Return to Sender  Read Replies (1) of 95530
 
578.84 - Solid support for the SOX?

I think so. Take a look at the historical pricing on the Semiconductor Index and you will se that last week 578.84 was the low on two consecutive days recently:

Yahoo Historical SOX Prices:

chart.yahoo.com^SOXX&g=d

StockCharts.com Six Month Chart of the SOX:

stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!La12,26,9!Uk14]&pref=G

While Solly downgraded INTC they maintained their buy rating with a target of $45. That is much higher than today.

Checking the SOX Index components today so far today shows not even one stock higher with several down more than 4%.

Yahoo Detailed Quotes of SOX Index Members:

finance.yahoo.com^SOXX&d=t

If the SOX continues to sell off look for 558, the 50 day moving average to serve as additional support. MU reports tomorrow night and guidance from that company will help determine where we trade. Also the AMAT mid quarter call.

RtS
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