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Technology Stocks : Semi Equipment Analysis
SOXX 296.92+0.1%Dec 1 4:00 PM EST

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To: Return to Sender who wrote (7185)11/26/2002 8:59:12 PM
From: Donald Wennerstrom  Read Replies (1) of 95503
 
Briefing.com has been struggling to find the right answers to the market the way we all have in these past many months.

Anyway, tomorrow morning should be good for the semi equips but I'm on the fence as to how long the rally can continue without a lot more good fundamental news.>>

I agree with you about the time period, but we have to take it one day at a time. The futures have continued to "edge up" as the evening progresses. Tomorrow should be a positive day unless "bad" economic news is put forth, or one or more of the brokerage houses decides to "clue us in" on just how bad things are for the semi-equips.

Also, I'm beginning to think that news such as put forth by NVLS tonite is going to be more and more in our immediate future. I think we are beginning to see "a little light at the end of the tunnel". If that is true, we could see a consolidation period to digest the recent gains before a big thrust upward again, but that is better than another big dip to test the October bottom. More of a sideways consolidation action than another big dip downward.

Anyway, for the short term I am looking forward to tomorrow.

Don
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