Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 296.74

+1.8%

Nov 28 4:00 PM EST

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To: robert b furman who wrote (5964)	10/10/2002 11:14:25 PM
From: Zeev Hed	Read Replies (5) of 95487

As of today, the semi sector has completed what I believe is an unprecedented string of 17 consecutive trading days where 1% or less of all the semi stocks were above their 200 DMA. From such an extreme, very powerful moves often are mounted. Since that string is unprecedented, the first move up will be strong, but most probably, not sustainable (you need to have a leadership develop that is above the 200 DMA for some time before the sector will get into its own uptrend). I may have a major bullish call on the sector if after a retrenchment from a rally here, the percentage of stocks in the sector above the 200 DMA does not decline by more than 50% from the value reached at the top of the next rally. Just IMTO, of course. My best candidates (in the equip sector) are CCMP, CYMI and KLAC.

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