Semi Equipment Analysis Message Board

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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: Donald Wennerstrom who wrote (6488)	10/27/2002 7:37:23 PM
From: Return to Sender	Read Replies (1) of 95531

Don, I believe there are a lot of long term technical bears hoping that the market will advance further in order to short from higher levels. Here are some interesting opinions you might want to listen to: aegeancapital.com The short term trend is still very much up but the rise has been taking place on declining volume. Remember we have window dressing coming up until the end of this quarter which means another few days of a rise might not be all that surprising. I guess what I am trying to say is that although the current trend is up I personally find it hard to believe that we are starting a new bull market this October. So while I would not be surprised to see the market continue to rise, especially at the open tomorrow, I do believe that this rally we are currently seeing will ultimately be just another bear market rally. RtS

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