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Technology Stocks : Semi Equipment Analysis

SOXX 294.38

-1.0%

Nov 7 4:00 PM EST

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To: Donald Wennerstrom who wrote (5000)	8/21/2002 11:03:38 PM
From: Return to Sender	Read Replies (1) of 95385

Don, the question of when to buy or sell is such a relative thing. I find that I am usually premature when I act on emotion alone. Tonight the short term charts scream (emotion?) at me that it is time to take profits but many times on the way down they told me to buy too. This last couple of weeks has been amazing in terms of a 27% return for the SOX. The SOX has hardly been alone in its charge higher. That being said the longer term monthly charts suggest there is plenty of room to move higher. stockcharts.com[l,a]mhclyiay[d19950101,20021231][pb50!b200!d20,2!i!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G If you are secure in your belief that the economy will improve then there is no rush to sell anything associated with semiconductors. That link I shared with you this morning says all systems could be go for a while. These indicators look good for a further rise but they are changing to show the short term over bought condition. capitalstool.com I'm just not sure short term how we can continue higher without some further consolidation first but then I often thought on the way down that it had to end much sooner then too. When those indicators look top heavy then lets see how well they predict a sell off. Anyway don't confuse my ramblings with those of someone who truly knows what he is doing. It is all a work in progress. RtS

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