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

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To: Donald Wennerstrom who wrote (15135)5/13/2004 1:55:55 PM
From: Return to Sender  Read Replies (1) of 95821
 
SOX, COMPQ and SMH 50 day and 200 day sma crossovers!

10:43AM Sector Watch: Semi Index -SOX- : -- Technical -- The sector index (SOX 461.62-0.06%) while lagging today is well off the session low. It has displayed relative strength over the last week but as noted in The Technical Take this morning we have seen a bear crossover (50 day sma fell below 200 day sma yesterday). The previous crosses have been followed by decidedly negative action but in both instances the Nasdaq Comp had already seen the same cross develop which is not the case this time. Watching the 20 day exp as well as the 50/200 day averages for the index on a close basis provided a good indication of trend extension/reversal.

CHARTS!

investorshub.com

Thanks Don, I made a cursory glance at Briefing.com and m missed that!

RtS
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