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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: Return to Sender who wrote (43278)2/8/2009 1:21:40 PM
From: Donald Wennerstrom  Read Replies (1) of 95536
 
I think HeadlineCharts.blog has a good summary by saying there are "conflicting sentiment indicators". At the moment we seem to be bouncing along the bottom, characterized by a strong week once in awhile interspersed with several "weak" weeks. The net result is not much movement up or down. The semi sector(s) look quite a bit stronger recently than the DJIND and SPX.

Message 25394410

This coming week will probably be influenced greatly by the general economic happenings out of Washington. A "banking bill" of some sort is supposed to be put forth on Monday, and the stimulus bill will be on the front burner all week. If the "market" likes what is happening in those 2 areas, a continuation of last weeks upward surge(primarily Thurs and Fri - SOX 210 to 230) could continue. On the other hand, if the market perceives something it doesn't like in these 2 areas, a pullback could occur. Politics and the economy always affect the market, but imo, this next week will be particularly shaped by these happenings.

Don
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