Semi Equipment Analysis Message Board

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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: robert b furman who wrote (8257)	1/28/2003 11:01:44 AM
From: Return to Sender	Read Replies (2) of 95708

We are in the process of losing another area of support on the NASDAQ. The SOX on this current move has broken to new lows leading the way down. In other words I agree we are headed further down. Too much technical damage. Too much fear. We have seen a pull back in the VIX this morning, a fall in the TRIN and the put to call ratios. All this simply means that what you said yesterday is probably right. The pull back in the VIX and other indicators will most likely lead to even higher readings in the not too distant future. It is my belief that truly extreme numbers will be seen in the sentiment numbers as well as the technical readings by the time war either breaks out or seems completely unavoidable. Most bulls are reigning in their horns until the geopolital uncertainties clear up a bit. They simply are not buying enough shares to overcome this sell off. RtS

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