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Technology Stocks : Semi Equipment Analysis

SOXX 306.14

+0.4%

Dec 24 4:00 PM EST

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To: Donald Wennerstrom who wrote (11190)	8/24/2003 12:10:38 AM
From: Return to Sender	Read Replies (1) of 95632

Amateur Investors Weekend Market Analysis (8/23/03) amateur-investors.com One reason the Nasdaq probably ran into trouble on Friday was due to the Semiconductor Index (SOX) becoming stretched significantly away from its 10 Day Moving Average (MA) as shown below (point A). Over the past year when the SOX has made a nice run and gotten a significant distance away from its 10 Day MA (points B, C, D, E and F) this has led to some type of pullback/correction. It appears that one of two things may transpire in the SOX as it either will go through a minor pullback and then resume its upward trend such as occurred from June into early August and from mid March until mid April or it will go through a deeper pullback such as occurred from December of 2002 through mid February.

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