Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 296.92

+0.1%

Dec 1 4:00 PM EST

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To: Donald Wennerstrom who wrote (4383)	7/28/2002 6:37:49 PM
From: Return to Sender	Read Replies (1) of 95502

Don a couple of comments. First I agree that analysts have been attempting to rachet down the performance of the semi equips. But so far they have been justified by the lowered capexes we have been seeing. Also the long term monthly charts of many of the SOX components look as though they are close to or even actually basing but there are several components that could fall a lot further before they even hit a lower Bollinger Band. In order to get a bounce we need not only a violation of the lower Bollinger Band but an RSI below 30. We could also use some good news. The SOX must lead if the NASDAQ is to rise. I'm afraid that I will have to close out my trading longs soon at a loss. We may not find bottom until this fall. I guess I just don't think the NASDAQ can lead the SOX higher this time. I hope I am wrong. RtS

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