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Technology Stocks : Semi Equipment Analysis

SOXX 289.38

-3.4%

Nov 13 4:00 PM EST

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To: Donald Wennerstrom who wrote (4985)	8/21/2002 1:35:45 PM
From: Return to Sender	Read Replies (1) of 95415

Thanks for the kind words Don. I would not take credit for predicting the last dip but rather for fully expecting the technical situation to play out as it has so many times before. Not only did we get a new low in the markets but as most of us would now agree the VIX did point out the latest bottom when it spiked well over 50 last month as well. So it, among other indicators, should have alerted investors like myself that it was time to go long. This is a very good source of contrary indicators although the text is dated the charts are updated daily: capitalstool.com I having incorrectly bought almost every other dip this last two years did not make the proper buys so I am fully aware of my mistakes as well. The nagging question in my brain is simply whether or not we have found the absolute bottom and are ready to resume a bull market move higher. I just don't think that has happened yet but this current rally could very well extend itself higher. I also agree that the analysts as a group also are usually wrong and short sighted. RtS

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