Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 306.28

-1.0%

Dec 4 4:00 PM EST

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To: Return to Sender who wrote (3625)	6/25/2002 8:20:08 PM
From: Return to Sender	Read Replies (2) of 95525

Could it be tomorrow that we revisit the Sept 2001 lows for the SOX? I think the market could be close to capitulation but it will not happen without huge volume and a lot of fear that things will get much worse yet. We got a very short technical bounce on the index on Monday that sold us off to the lowest low since September of last year. stockcharts.com[l,a]mhclyiay[d19950101,20020626][pb50!b200!d20,2!i!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G Tonight WCOM gives us another scandal for the market to digest while MU's results were much worse than expected. I guess the real question is do the September lows even hold? Not unless we get huge volume of approximately 3 billion shares in the reversal. And a huge spike in the VIX above 50 perhaps as high as 60. Just like we did on October 8, 1998: chart.yahoo.com^VIX This could be over soon or not. Many thanks to Don for getting me to look closer at October 8, 1998. Check out Harry Boxer's column tonight: thetechtrader.com Sounds just like what we have been discussing! RtS

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