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Politics : Stockman Scott's Political Debate Porch
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To: orkrious who wrote (10628)12/18/2002 1:01:14 PM
From: stockman_scott  Read Replies (1) of 89467
 
11:40AM Sector Watch: Semiconductor : -- Technical -- Under significant pressure today in the wake of negative news (MU -20%, ASML -14%) but the sector index (SOX at 301, -5.9%) has stabilized for the time being in the 301/299 support area (50% retrace Oct/Dec run, 100 day sma). Short term need to stabilization above resistances at 303/304 and 307/308 (recent range floor, 50 day sma) to improve the bias. A failure allows for follow weakness with next supports at 295 and 292. Others in the group posting sizeable losses include: TER -7.4% AMD -6.5%, ALTR -6.4%, LSCC -6.4%, LLTC -6%, MXIM -6%.
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