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Technology Stocks : Semi Equipment Analysis
SOXX 282.70+4.4%Nov 24 4:00 PM EST

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To: Donald Wennerstrom who wrote (929)8/9/2001 11:31:36 AM
From: Return to Sender  Read Replies (1) of 95464
 
Don or anyone do you have a favorite stock to buy on this latest dip? From Briefing.com: 10:07AM Nasdaq Composite : -- Technical -- Bouncing after testing the trendline drawn off the July lows (also 20 period Bollinger Bands) at 1950. For the very short term will watch support at 1960/1957 for an indication of the health of this move. Next resistances are at 1977 and 1986 with the key to neutralizing the recent slump not found until 2000/2010. A failure at the intraday support leaves the door open to a downside extension with the July lows the next support of interest between 1939/1934.

9:59AM Sector Watch: Semiconductor : -- Technical -- Sector holds right at the 62% retracement of the late July rally (579) and bounces. Is oversold in the wake of the recent downdraft but must work back through a solid resistance barrier in between 605/606 area (50/100 day simple ma, chart barrier) to improve the tone. Initial resistance for the semiconductor HOLDRS (SMH) is at 46.3/46.6.
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