Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: Donald Wennerstrom who wrote (11365)	9/2/2003 5:09:29 PM
From: Return to Sender	Read Replies (4) of 95617

Don, you are right but the market is more right. Today even the SOX managed to close with a slight gain and printed a doji: investorshub.com But most indices and industry charts were positive with the exception of gold, oil services and commodities. In fact most industries are in breakout mode just as the SOX has been. The difference between now and 1998 is vast however so unless we see a monumental recovery in semi equipment orders these stocks will sell off again in my humble opinion. Oh sure the sell off could start at NASDAQ 2000 but it could just as easily start tomorrow. There is nothing in today's volume numbers to indicate a sustainable market advance is underway. The only conclusion I have reached is that this market advance may be sustained a lot longer than those of us who want to buy stocks cheaper might like. As long as we continue to see higher highs and higher lows on the pullbacks those pullbacks will be bought keeping the market from breaking down. Good luck to all! RtS

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