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Technology Stocks : Semi Equipment Analysis
SOXX 303.84+1.3%Dec 22 4:00 PM EST

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To: Gottfried who wrote (8922)3/10/2003 12:12:33 PM
From: Return to Sender  Read Replies (2) of 95622
 
>A sell signal. This new century sure has not been good for U.S.<

Sadly I agree. I wonder of the U.S. needs to set its course on a great deal more self reliance. Our dependence on foreign oil and other imports is not something that can be looked at in a positive light. Policy changes need to made that mandate higher mileage vehicles now. It would be better for the environment as well as the economy.

Anyway, your chart certainly shows the cross over more clearly on the moving averages for the SOX. If this continues the MACD Histogram will go negative sometime this week:

stockcharts.com[w,a]daclniay[d20030101,20030310][pb6!b17!d20,2!f][vc60][iUb5!Up13,8,3!Lah12,26,9!Lc20!Lb14]&pref=G

Interestingly Briefing.com was recommending some nibbling on the long side in the technology area last night. We should be getting closer to another bottom soon I would think where this would be a highly profitable idea.

RtS
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