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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

4:00 PM EST

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To: Return to Sender who wrote (11486)	9/7/2003 10:17:06 PM
From: Donald Wennerstrom	Read Replies (1) of 95611

<I think we are seeing distribution at a short term top but so far there is no reason to expect any deep retrenchment technically. As long as we keep seeing higher highs and higher lows the uptrend is still intact.> I agree - I don't think we will drop a lot at this point unless some real bad news springs up unexpectedly. I just wouldn't be surprised if we would see a little weakness over the next 4 to 6 weeks - then I expect the market to "take off" once again into the new year. I am serious about the NASDAQ going to 2300 by the middle of January.:) As several articles have suggested recently, the Fed, and others, have set the stage for a new "bubble" and we are in the process of going up the "left side" to some new peak. Valuations be damned - put the pedal to the metal - the "good times" are here again.:) Don

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