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Technology Stocks : Semi Equipment Analysis

SOXX 301.15

-1.2%

4:00 PM EST

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To: Crossy who wrote (2560)	4/1/2002 4:00:41 PM
From: Return to Sender	Read Replies (1) of 95656

Boy the SOX stepped right up and took the lead this afternoon just as I hoped it would. My read continues to suggest that we will have a strong week ahead: stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!La12,26,9!Uk14]&pref=G The upper Bollinger Band on the SOX is now at 629.90. We should hit it this week and hopefully run higher as many of the SOX components remain well below overbought status. From Briefng.com: 3:00PM : Semiconductors (SOX 609.13 +13.89) are making an impressive move this afternoon. The SOX is at its highest level in two weeks. The Semiconductor Industry Association reported that industry revenue in Feb declined, but posted the best YoY comparison since April 2001. Robertson Stephens believes that this indicates a dramatic amount of inventory has been cleared from the channel. Also, Banc of America upgraded AMCC +9% and PMCS +9%. Also strong are ANAD +7% and XLNX +5%....Storage stocks are making impressive move higher after a weak open: MCDT +7%, BRCD +6%, QLGC +5%... Anyway, I think you should do well with your new additions Crossy especially if good earnings reports begin to filter in next week. At that time second tier companies that have been overlooked could become the best percentage gainers. Good luck with TGAL, TXCC and all your other holdings: finance.yahoo.com^SOXX&d=t RtS

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