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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: Gottfried who wrote (9493)	4/17/2003 11:47:51 PM
From: Return to Sender	Read Replies (3) of 95525

All true Gottfried. You've got me there! But have we started a new bull market yet? Perhaps but I sincerely doubt it. I think you have doubts too. Even if I am wrong I agree that the SOX could continue higher for a while but there are limits. Earnings have not been that good. The btb is not that good. It was higher last year at this time and climbing then too: home.attbi.com We all know how well the market performed from May to October last year. This is playing out just like last year so far. So if the economy does not really take off soon then I'm afraid that we have another leg down coming for the bear market. If the VIX does start to rise dramatically again the SOX will fall: stockcharts.com\|D\|B14 The put to call ratio is too low. Low readings like that seen today often precede market sell offs: stockcharts.com[h,a]dallyyay[dc][pi!d21,2!f][vc60][iLg]&pref=G And this cross over in particular is ominous in that it looks exactly like it did in January of 2002: stockcharts.com[h,a]dallyyay[dc][pi!d21,2!b200!b21!f][vc60][iLg]&pref=G As you will recall the market attempted to rally many times in 2002 and until October it never maintained any momentum for long. Prediction, another long summer for those who remain too bullish. JMHO, RtS

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