Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 306.28

-1.0%

Dec 4 4:00 PM EST

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To: The Ox who wrote (12458)	11/10/2003 4:40:16 PM
From: Return to Sender	Read Replies (1) of 95526

>Is this a head fake or the start of a serious correction?< I don't think it is either. We will probably end up testing the longer term moving averages on the SOX in conjunction with its lower Bollinger Band sometime in the next few weeks before resuming an upward bias. It would be foolish to think otherwise and I'm short AMAT. I'm just saying that I would not go long too early since I think we can have more selling without hurting the uptrend. Also the uptrend has been so persistant that I would not jump in strongly on the short side either. Too much risk there for sure. Market volume was not all that high today. This is not the kind of selling that signals the end of an uptrend. Not yet anyway. RtS

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