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Technology Stocks : Semi Equipment Analysis

SOXX 296.74

+1.8%

Nov 28 4:00 PM EST

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To: Donald Wennerstrom who wrote (1299)	11/27/2001 9:02:13 PM
From: Return to Sender	of 95487

Don it was a very interesting day indeed. We hit my 550 target in two sessions. At this point the SOX can do one of three things: It can rally again tomorrow and blow past 553.60 (Recovery Intra-day High - Post 9/11) and set the SOX up for further advances with continued positive reinforcement from component members. It could rally up to the upper Bollinger Band at 558, penetrate the band, and pull back due to a continued overbought market that has yet to really sell off but be ready to move higher again soon (within a week or so) . Or it could sell down on the basis of of outside stimuli. The war on terrorism has been going wonderfully well but one never knows. Consider the historical pricing on the SOX: chart.yahoo.com^SOXX&g=d Today was our highest close since Nov 14 but we still have not broken through resistance. The trend remains up but we cannot expect that to continue if resistance continues to hold the major indices from further gains. stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a1875][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3] That being said I took profits in TXCC today and am hopeful to reenter quality positions at lower levels in the next few weeks. RtS

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