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Technology Stocks : Semi Equipment Analysis

SOXX 291.39

+2.8%

Nov 26 4:00 PM EST

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To: Think4Yourself who wrote (910)	8/2/2001 11:33:15 AM
From: Return to Sender	Read Replies (1) of 95479

As I expected might happen today the SOX opened higher taking the NASDAQ with it. The group is now seeing some profit taking after forming what looks like a double top. In my opinion we trade down from here with another buying opportunity to be expected when we are back below 550 in a week or two. ACCORDING TO BRIEFING.COM: 10:22AM Sector Watch:Semiconductor : Key group edges off the high after the index (SOX at 650) runs to chart congestion in the 655/660 area. Pattern of the short term rally is bullish with the index well positioned for another run at the above resistance while intraday supports at 648 and 644 are intact. Would be wary of a corrective pullback if the upside extension is seen. Pacing the way this morning are: AMD (+4.2%), INTC (+3.5%), TXN (+3.8%), TER (+3.6%) and LSI (+2.65). Be interesting to see who's right! RtS

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