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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Return to Sender who wrote (4245)	7/23/2002 2:55:50 PM
From: Gottfried	Read Replies (1) of 95383

RtS, SP500 history made... (KJT) 10:03 (Dow Jones) Merrill technicians say losses over the past few months have pushed intermediate-term momentum indicators to historic extremes. Monday, the S&P 500 moved to the band 25% below its 200-day moving average. The index has only moved below this band three times over the past 75 years - in 1973-74, 1937-38, and 1929-32. In the first two instances, the move provided at least a short-term buying opportunity. (The Great Depression provided an extension below this band for the final year, they say.) They also note the S&P 500 has neared the 50% retracement level connected to the 1974-2000 advance, at 806.90. siliconinvestor.com

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