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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Return to Sender who wrote (3853)	7/5/2002 5:59:42 PM
From: Donald Wennerstrom	Read Replies (1) of 95531

It turned out today that the NASDAQ went through the 1440/1442 area: the index faces modest resistance in the area of 1440/1442 followed by more significant overhead around 1450. The NASDAQ closed at the high for the day at 1448, and change, so we get to see what happens to the 1450 barrier next Monday. The Nasdaq's first hurdle comes in near 1490 (regression line)... Similar resistance for the SOX can be found in the 450 area (retracement/congestion)... Hopefully, next week the market will approach those levels and make it through to the upside. Might have some "retrenchment" on Monday/Tuesday, but as shown this week, the market cam move fast when it wants to. Don

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