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Technology Stocks : Semi Equipment Analysis
SOXX 299.81+2.7%Dec 19 4:00 PM EST

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To: Donald Wennerstrom who wrote (2632)4/4/2002 5:07:38 PM
From: Return to Sender  Read Replies (1) of 95616
 
>It's hard to turn a "big ship" around once it starts going at full speed in the wrong direction.<

Geeze Don...

Do you have to keep reminding me of the last time I shorted 4000 shares of AMAT! <gg>

Seriously today was kind of gut wrenching but you had to like the close. The VIX shows a black doji in the cnadlesticks indicating indecision.

stockcharts.com[h,a]daclyyay[d20020402,20020404][pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G

Usually this is followed by a change in trading direction but I wish the VIX had moved even higher today. A penetration of that upper Bollinger Band which is now at 22.71 would have made me feel better about that change in direction.

Still I think the ship (The SOX) it is turning but I expect rough seas.

stockcharts.com[h,a]daclyyay[d20020402,20020404][pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G

As for MOT I hope no one bought any this week!

RtS
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