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Technology Stocks : Semi Equipment Analysis

SOXX 270.83

+1.0%

Nov 21 4:00 PM EST

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To: robert b furman who wrote (12539)	11/17/2003 11:49:27 AM
From: Return to Sender	Read Replies (2) of 95456

Bob, you would do better discussing A with Kirk than me. I know he knows the stock well but: equitytrader.com As for the market I strongly believe that the SOX will head as low as 480 some time in the next few weeks. As Amateur Investor pointed out a print that low does not do any technical damage to the uptrend. In fact we would have to go below 475 and breakdown further for that to happen. That is indeed a possibility. The BP Indices have remained in overbought territory at a time when insiders have been dumping stocks at record rates while other sentiment figures have been at or near all time highs for bullishness and lack of fear. Now is a time to be careful. I'm not saying don't buy the dips but what I am saying is don't confuse a few days of selling with the low for this dip. That is why I have identified 475 to 480 as a potential low for this dip. I am going to be patient. I think we will get there before another real rally develops. JMHO, RtS

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