Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Donald Wennerstrom who wrote (5276)	9/3/2002 10:53:56 PM
From: Return to Sender	Read Replies (2) of 95572

Don, I think there is a good chance we gap lower tomorrow. If we do the SOX could start below its previous 52 week low of 282.75. Short term we are already oversold. So we could rally out of it for a while. Maybe a few hours or even a few days. Bottom line though is that the technical damage that is being done is a warning that we have even more new lows ahead. On the VIX chart I guess you can't see the 10 day EMA that I hoped you would. Fear is way out of its channel which also seems to suggest that it is overdone. A short term rally could be coming allowing the VIX to fall back towards its 10 day moving average. It will fail in my opinion. Sorry my chart did not show up better. RtS

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