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Technology Stocks : Semi Equipment Analysis
SOXX 312.18-0.2%Dec 9 4:00 PM EST
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To: Return to Sender who wrote (12888)1/2/2004 3:24:05 PM
From: michael97123  Read Replies (2) of 95546
 
RTS,
Anything magical about the 10,500 number on the dow. A buddy of mine told me last week that there were sellers at that level. Apparently 10,500 is now a realized target and the selling/profit taking came in at that level. Nasdaq has held up well but I wouldnt be surprised to see it do the sizable decline in the last half hour if the dow continues to weaken. All of this proves to me that there is no irrational exhuberance in this market and many chastened investors are prepared to sell some stock when objectives are reached. Mike
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