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Technology Stocks : Semi Equipment Analysis
SOXX 292.04+2.4%Dec 18 4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (11479)9/7/2003 8:21:58 PM
From: Donald Wennerstrom  Read Replies (1) of 95610
 
Sarmad, You may be right,as you usually are, but I have grown a little cautious here this weekend. I don't like the way some of these chart patterns have been behaving the last couple of days.

The NASDAQ is on a tear, but the SOX is not doing so well - it is slowly rounding off at the top. This past week the NASDAQ is up 3 percent and the SOX is up 1 percent. The SOX only made 1 percent based on the "heroic" efforts to NSM and TER being up 14 and 13 percent respectively. In a strong uprising trend the SOX should be leading the NASDAQ in percent gains.

Message 19277002

The S&P 500 took a pretty big nosedive on Friday. It may have to rest a little bit more before it tries to make a new high.

I do admit there is a lot of positive sentiment out there and I can't wait for tomorrow morning to find out how many upgrades are going to be unleased prior to the opening to try to get a good "kick start" to the weeks trading. I think the bulls are going to have to work real hard this week to keep this uptrend intact - we won't have long to wait to find out what the real story will be.

Don
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