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Technology Stocks : Semi Equipment Analysis
SOXX 302.84+2.0%4:00 PM EST

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To: Donald Wennerstrom who wrote (11889)9/28/2003 9:54:49 PM
From: Return to Sender  Read Replies (2) of 95512
 
Don, as much as I hate to admit it since I have started going long the SOX could easily sell off further if it does not rally higher tomorrow.

The SOX has potential support at the 50 day sma at 421:

stockcharts.com[h,a]daclyyay[dd][pb20!b50!b200!c13!c20!c50!d20,2!f][vc60][iUb14!La12,26,9!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

LSI has twice in the last year had an RSI below 30. Will it get there again?

stockcharts.com[h,a]daclyyay[dd][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

On the bright side we are short term extremely oversold.

RtS
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