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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Donald Wennerstrom who wrote (3522)	6/17/2002 6:05:52 AM
From: robert b furman	Read Replies (1) of 95566

Hi Don, This is a critical test point on long term charts. siliconinvestor.com siliconinvestor.com siliconinvestor.com siliconinvestor.com siliconinvestor.com Note ADX has reversed although short term indicators are negative. This dip has been more severe than past dips that ocurred as cycle bookings reverse off trough valuations. Any test of support must appear, momentarily as a breach of support, - I think that's where we are now or will soon be.Four weeks of decline and the decline is accelerating is bringing in fear - that's a ggod sign. I do not believe the cycle of technology expansion is over - bubble or not. Our future requires more complex chips in greater numbers. Scary - YES The END OF A WORLD and its one great megatrend - NO JMHO Bob

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