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Technology Stocks : Semi Equipment Analysis
SOXX 285.23-3.7%4:00 PM EST
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To: Return to Sender who wrote (12890)1/2/2004 4:01:54 PM
From: michael97123  Read Replies (1) of 95596
 
My buddy works the floor on the nyse. He said that the dow would go thru 10k much easier than naz initially went thru 2k. He said back then that 10,500 is a number traders talk about as a point where objectives were achieved and profits would be taken. He is looking at most for 10% dow correction back to 9500 or so and at least 5%. Is that what you see for the downside? I would translate that into 150 point naz correction at worse and 75 at best. Mike
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