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Technology Stocks : Semi Equipment Analysis

SOXX 330.35

+0.5%

Jan 12 4:00 PM EST

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To: Gottfried who wrote (8240)	1/28/2003 9:29:35 AM
From: robert b furman	Read Replies (1) of 95708

Hi G, This is a very important observation. As this market retests some stocks are already in stronger accumulation modes. The fear induced selling will occur with less volume. Some still will washout - but others will resist - these are the stocks to look for. Those the resist the best will be the next leaders. This is what a positive divergence is all about. Perhaps one of the best classic divergences was tech in 1998.Intc bottomed in July dipped in October - but in general resisted the market low of October 1998. This retest hopefully will occur on less volume and perhaps even more severe psychological readings: Put/Call,bpcompq,bull vs bear,MYSEvolume/Naz volume and Vix. Times are getting very close for a nice rally to light up in the next 15-45 days . JMHO This thread is really churning an excellent collective effort.It is a must read for me throughout the day. Thanks to all for the great input. Bob P.S. Nice oversold bounce this A.M. - any body trust it?? Or will this nervous market cool off just before the state of the union speech tonoight???ggg Bob

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