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Technology Stocks : Semi Equipment Analysis

SOXX 294.38

-1.0%

Nov 7 4:00 PM EST

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To: Donald Wennerstrom who wrote (12024)	10/11/2003 6:39:09 PM
From: Return to Sender	Read Replies (1) of 95385

Amateur Investor Weekend Market Analysis (10/11/03) <SNIP>Finally a key sector to watch is the Semiconductors (SOX) which looks to me is getting ready to make a significant move in one direction or the other soon as its longer term downward and upward sloping trend lines (red lines) have continued to narrow and are converging at a key resistance zone near the 475-480 area. The 475-480 area also coincides with the SOX 200 Weekly EMA (green line) and longer term 23.6% Retracement Level calculated from the early 2000 low to the October 2002 low. At this point I can't tell you which direction the move will be but more than likely it will be significant when it occurs and could lead to a quick 100 point move either to the downside or upside. amateur-investors.com

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