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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST

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To: Donald Wennerstrom who wrote (12680)12/4/2003 1:43:46 PM
From: Return to Sender  Read Replies (1) of 95561
 
Don, there is nothing happening here that is inconsistent with short term profit taking in my humble opinion on NSM and elsewhere.

Worst case scenario for the immediate future is that we get a buy the dip opportunity below 500 with 495 or so being the optimal target for the SOX:

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14]

I'm going to try to give the market a few more days to get there while my short term indicators move back to showing a better buying opportunity for the long side of the market.

JMHO, RtS
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