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Technology Stocks : Semi Equipment Analysis

SOXX 305.32

-0.2%

Dec 29 4:00 PM EST

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To: Return to Sender who wrote (9701)	5/5/2003 6:58:00 PM
From: Return to Sender	Read Replies (1) of 95647

Technical Analysis: Dow Holds Support by Paul Shread May 5, 2003 - The Dow (first chart below) held onto the critical 8522-8530 support level today; if that goes, 8380 looks like the next major support. The index has rising resistance at 8605-8612. The Nasdaq and Nasdaq 100 (second and third charts) formed bearish shooting stars at their December highs; a down day tomorrow could signal a top. With Cisco (fourth chart) also putting in a shooting star ahead of tomorrow night's earnings, there's a chance the company's results won't be well-received. 1521 on the Nasdaq and 1155 on the NDX are the levels to beat. Support on the Nasdaq is 1500, 1467 and 1440. The S&P (fifth and sixth charts) continues to "wedge out" around the major 935-940 resistance zone. Support is 911-912 and 903-905. stocks.internetnews.com

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