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Technology Stocks : Semi Equipment Analysis
SOXX 292.04+2.4%Dec 18 4:00 PM EST
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To: Return to Sender who wrote (5032)8/23/2002 3:25:20 PM
From: Kirk ©   of 95610
 
I would think a 50 to 61.8% retrace of the move from the August bottom would be healthy to burn off the over bought condition. Then again, that is also on the way to a new low (both are lower than now).

move 284 to 364 or 80pts
50% is 40 pts
62% is 50 pts
so target is 314 to 324.. .roughly

IF this is da new bull, then buyers should come out of the woodwork at those levels.

If not.... look out below.
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