Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 331.90

-0.4%

Jan 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robert b furman who wrote (8215)	1/26/2003 9:42:29 AM
From: Return to Sender	Read Replies (1) of 95720

Bob, I too have been encouraged by the relative strength of the SOX and NASDAQ. Unfortunately technical analysis has to look backwards to predict the future and the future is always unknown. So I'm not sure we should read too much into it though because as has been stated here often the months of October to April are most likely to be the strongest for technology stocks. This could account for the strength in the SOX and NASDAQ to date. If we see any acceleration of the recent slide in the SOX then it could really accelerate quickly as it becomes apparent that the neckline breakdown of the index was for real. Of course there is no guarantee one way or the other. Short covering and stealth positioning may yet win the year although I suspect soon we will be awash in articles concerning how losses in January are highly predictive of losing years. RtS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next