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Technology Stocks : Semi Equipment Analysis

SOXX 306.04

0.0%

Dec 26 4:00 PM EST

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To: Return to Sender who wrote (14328)	4/4/2004 1:32:16 PM
From: Kirk ©	Read Replies (1) of 95640

Don, I really have to say that from a bullish standpoint there is little not to like about the recent market action. We need to realize however that the market is short term overbought. Wed before the week of expiration is often a time of perspiration and misdirection. The market also likes to fill gaps to take out the skittish who will buy the rally with tight stops. Look at the gap in the Nasdaq suite101.com that might want to get filled first as a test of the 50 DMA... I took a TINY bit of profits at the close on my biggest gainer YTD (5 or 6% of current holdings in GEOG) and might buy em back if we do get a gap fill. If not, I'll just enjoy watching the remaining shares go higher. I recall after the bottom in 1998 that we had several open gaps as the nasdaq took off like a street racer leaving choppy skid marks. Lets hope that is the end result! Kirk

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