Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 301.15

-1.2%

Dec 31 4:00 PM EST

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To: Donald Wennerstrom who wrote (17562)	8/3/2004 9:00:32 AM
From: Return to Sender	Read Replies (1) of 95658

Don, the market does change directions fairly frequently but important turns happen when sentiment reaches extremes. Today sentiment is still way too bullish to expect anything more than a counter trend rally. I'm on record expecting a fall to 394 and then a rally. We went just a little lower. Now I'm on record expecting a counter trend rally to around 450. I've given solid reasons why unless we see a lot of institutional buying on high volume that we should not expect much more than this in the next couple of weeks. Now I'm just going to sit back and watch the market. Good luck to all! RtS

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