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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST

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To: Return to Sender who wrote (8976)3/13/2003 9:50:36 PM
From: Sun Tzu  Read Replies (2) of 95572
 
> We got lots more volume on the rally than we have been seeing on the selling

No buyers on down days. Short covering on up days.

> is this rally the real deal?

Depends on what you mean by that. The near complete lack of buyers is a sign of bottom and is often fallowed by good rallies. It was a mistake on my part not to have position myself well for today...any way absolutely no buyers + short covering = bottom.

However, bottom does not equal bull market. I think one of these two scenarios will unfold within a few months (a) we start a stock pickers bull market or (b) we'll have the kind of market that not even a skunk can make a cent. i.e. we go no where on no volume.

Unfortunately I cannot take the effect of possible war into account. So the above is based on what to expect in a few months where hopefully war uncertainties have been resolved.

ST
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