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Technology Stocks : Semi Equipment Analysis

SOXX 352.69

+1.8%

Feb 2 4:00 PM EST

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To: The Ox who wrote (14442)	4/13/2004 3:51:08 PM
From: Donald Wennerstrom	Read Replies (1) of 95834

<<But we are approaching May, and there are many people who still believe you sell in May and go away (from the market during the summer).>> That advice seems to work most of the time, but last year was a big exception. Using that approach last year would have cost some big gains. <<We've had a nice rebound off the lows of 2 weeks ago and the SOX jumped from 454 to 518 (+14%) during that time.>> That was a very nice move, but the action stalled this past week and we have yet to gather some more forward momentum. While the SOX was up 14 percent from its lows, that is still a long way from its previous 9 week loss of 560 to 454, or 19 percent. To get back to 560 from 454, it has to gain 23 percent - and that is just to get even. We are now approaching 3 months further down the road from last January and the economy is looking much better going forward. We should still have "further room to run", but all of the attention today was turned to the fear of rising interest rates. After all, it wouldn't be right unless we were worried about something.;) Let's see what INTC has to say tonight. Don

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