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Technology Stocks : Full Disclosure Trading

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To: advocatedevil who wrote (3408)	12/24/2002 11:24:28 AM
From: Return to Sender	Read Replies (1) of 13403

OT: As I look over the components of the SOX I note that AMAT and the other SCE stocks were all below their 50 day sma's. This may be why AMAT and the other semi equips have done so well the last couple of days. AMAT's 50 day sma is all the way up at 14.93 which to me does not seem achievable. The 50 day sma on the SOX is now at 313 and rising while the shorter term ema's are all falling but trying to level out. I'm not sure why 303 is serving up so much support for the SOX here but it is and it still seems just as likely that we will try to run up to 313 now as we will break down until 303 gives way on the SOX. AMAT Chart: stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G SOX Chart: stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G Regardless of what happens I believe we have more downside in store after the holidays. RtS

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