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Technology Stocks : Semi Equipment Analysis

SOXX 270.83

+1.0%

4:00 PM EST

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To: robert b furman who wrote (12534)	11/16/2003 5:17:17 PM
From: Return to Sender	Read Replies (2) of 95456

From Amateur Investors SNIP: Meanwhile continue to watch the Semiconductor sector (SOX) closely as it has been finding support near its 10 Weekly EMA or 20 Weekly EMA since last April as well. Future strength in the market will likely hinge on the actions in the SOX. Right now the SOX could pullback to the 475 level (10 weekly EMA) and still not be in that much trouble as long as it holds support there and then begins to rally again. Also you may note that since March the SOX has had a pattern of rallying strongly for 2 weeks or so (points D to E, F to G, H to I) and then pulls back or trades sideways for awhile before resuming its upward trend. It will be interesting to see if a similar pattern occurs this time as well. amateur-investors.com

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