Semi Equipment Analysis Message Board

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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: robert b furman who wrote (8925)	3/10/2003 12:58:42 PM
From: Return to Sender	Read Replies (1) of 95622

I don't think Gottfried is being negative. He is simply pointing out that the cross over is used by many as a sell signal. I think that the NASDAQ and the NDX has held up quite well this year so far. Many people including Briefing.com are on record stating that because of this relatively better performance technology stocks will be the place to be invested when the upswing takes place. I have to wonder if anyone else has realized that we are still in those months of the year where technology stocks historically outperform. What happens when June arrives if the economy has not begun to truly recover? I've often read that a slow trading market falls from its own weight. That weight could get pretty heavy if volume continues to dry up. So in short I am positive about trading a bounce once the BPNDX is below 20, the bears outnumber the bulls in the newsletter writers intelligence poll and the VIX at least spikes back over 40 (hopefully 50) on a closing basis. But even a quick resolution with Iraq does not guarantee lower oil prices for long. Without low oil prices this economy is at risk of a second recessionary dip. RtS

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