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Technology Stocks : Semi Equipment Analysis

SOXX 328.78

+2.9%

Jan 9 4:00 PM EST

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To: EACarl who wrote (12738)	12/10/2003 6:10:19 PM
From: Return to Sender	Read Replies (1) of 95703

I think that it is important to note a few things about today's session. First the positive close came on high volume. This is a real plus because the entire uptrend since March was really in question if the SOX/SMH had broken down today. One early clue that this would be a positive day for me was seeing PLAB move higher despite missing earnings estimates and giving only luke warm guidance. So although I am going to assume most of us are somewhat shell shocked by the shellacking that the SOX has taken in the last week perhaps we can breathe a little easier after today's session. One that did not close far off the high on high volume! Also the put to call ratio actually rose today. That helps to support further gains even though I would like to see this and other indicators showing more fear. investorshub.com Finally I am getting a little concerned about how long after the next rally that the market might continue higher without a much more severe correction. Any opinions? RtS

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