Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: The Ox who wrote (10043)	6/10/2003 11:31:30 AM
From: Return to Sender	Read Replies (1) of 95572

So what's is your current technical read on the SOX Michael? stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14] I'm thinking a short run back higher might be developing. I don't think we will test the recent highs though before rolling over. I believe there are still too many nagging doubts about the second half recovery. Technically the high volume reversal on Friday was quite dramatic, so even though the selling after it has been limited in nature, I doubt it is really done. Right now I think we should get something of a lower volume rally that should fail perhaps early next week. JMHO, RtS

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