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Technology Stocks : Semi Equipment Analysis
SOXX 337.22+1.6%4:00 PM EST

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To: Return to Sender who wrote (8207)1/26/2003 8:36:04 AM
From: robert b furman  Read Replies (2) of 95730
 
Hi RtS,

Interesting how the Sox and Naz,are in a relative way holding up better.

With ADX and -DI still rocketing to new highs and Stochastics not even showing us a failed bounce yet - we are early in this decline.

Who would ever have thought that the Naz and Sox would hold up after being the best bleeders for the last 3 years?

Could be a very subtle. but yet important market shift to observe?

The Naz also happens to be the only index to pop over it's 200 ma.

All the indexes have gone sideways for a while now - since July or October bottoms.

I'm thinking the headlines will give us new lows in the Dow and S&P but a retest of the Naz may prove the low was already in last year?

Short covering and stealth position taking may well save the Sox and the Naz - I hope.

Bob
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