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Technology Stocks : Semi Equipment Analysis
SOXX 306.14+0.4%Dec 24 4:00 PM EST

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To: Donald Wennerstrom who wrote (15459)5/28/2004 4:27:43 PM
From: The Ox  Read Replies (4) of 95632
 
I had forgotten that chart, too! Thanks, Brian. Perfect illustration of where I believe we are in the cycle.

I don't want the bulls to get too excited but we have 2 factors warming up that we would need to get the Nasdaq to rally (and maybe the entire market with it). A stronger showing by the SOX and similar strength starting to show up in MSFT. I think Mr. Softy is ready for a move up and it could help both the Djia and the Naz.

Maybe we are ready for the rally that RtS has been patiently waiting for?
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