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Technology Stocks : Semi Equipment Analysis
SOXX 312.18-0.2%Dec 9 4:00 PM EST
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To: Sam who wrote (53211)8/13/2011 10:33:12 PM
From: Donald Wennerstrom  Read Replies (1) of 95546
 
Sam, This was a year when the old saying "Sell in May, and Go Away", was exactly right. An interim high was established on 4/29 at 449.56, and since that date the "downtrend" has been in. A good place to follow the action is at:

Message 27567008

Since the week ending 4/29, 15 weeks have gone by. Ten of those weeks have been down and only 5 have been up. From 449.56 the SOX closed at 355.62 this past week, down 93.94 or -20.9 percent.

It certainly isn't clear which way the market is going to go from here. Your guess is as good as mine.

Don
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