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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Kirk © who wrote (6441)	10/24/2002 11:17:07 AM
From: Return to Sender	Read Replies (2) of 95530

Kirk, you are right there are some pockets of incredible strength and some really exciting applications coming out. However when MSFT, INTC, MOT, MU and TXN are all struggling to find a silver lining in the current quarter. They are all on record that they do not see a pick up in demand in what is traditionally the strongest quarter for electronics and PCs then the limited nature of what is doing well in this economy has to be kept in mind. Here is something interesting on the Point & Figure Charts the down trend lines may act as a ceiling. Note this is a chart of LLTC which along with MXIM has hit that trend line and is now struggling when compared to other less profitable companies in the SOX which have not yet done so: stockcharts.com From Briefing.com: Sector Watch: Semiconductor Index (SOX at 291) has held a positive bias throughout but trade has been choppy. Early upside leadership being provided by TXN +5.7%, AMD +4.4%, TER +4.6%, MU +4.4% and BRCM +3.9%. Bucking the favorable bias are MXIM -1.4% and LLTC -1.8%. Initial resistance is at 294 with the next barrier at 298/300. Index has surged as much as 12% off yesterday's low and 40% off the Oct low.

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