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Technology Stocks : Semi Equipment Analysis
SOXX 346.30-4.1%Jan 30 4:00 PM EST

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To: robert b furman who wrote (14408)4/12/2004 11:13:41 AM
From: Return to Sender  Read Replies (1) of 95821
 
Here is another concern that I have Bob dealing with the non confirmation of the Dow Transports back in February. Check these charts of the major indices and you will see that back in February the Dow Transports failed to match the new high set by the Industrials:

investorshub.com

As you look through those charts you will see that only Russell 2000 continues to set higher highs. That's good for small stocks but what about the broader market sector SPDR's?

investorshub.com

Again it looks like a top may be in place. Hope I'm wrong since I have several long positions still underwater.

JMHO, RtS
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