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Technology Stocks : FSII - The Worst is Over?

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To: SemiBull who wrote (2590)1/22/2000 1:06:00 PM
From: Donald Wennerstrom   of 2754
 
Yes, the last 2 weeks, the semi-equips have been on fire. A week ago the group is up 25 percent and this past week it was up 8 percent. The question is - what is it going to do next week. Obviously, the group can continue upward, stay the same, or retrench. With the huge 35 percent gain of the group for the 2 week period, a retrenchment of 10 to 20 percent is probably "in the cards". On the other hand, the group momentum is so great, we could easily have another up week.

The upward trend of FSII has been as "steady as a rock". Last week the gain was 18 percent and this week it was 14 percent. The chart pattern still remains one of the best, if not the best, of the group.
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