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Technology Stocks : Semi Equipment Analysis
SOXX 342.47+1.6%Jan 16 4:00 PM EST

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To: Return to Sender who wrote (40295)9/19/2008 3:27:56 PM
From: EACarl  Read Replies (2) of 95737
 
RE "it's good for the bulls and the economy in the short term"

Perhaps for the broad market, but I don't like the way this sector is acting given todays huge run in the market.
While there is huge volume which is probably at least partially related to short covering, there's plenty of longs happy to sell into the rally. Examples:
Note leaders AMAT and NVLS actually DOWN now.
MTSN/ACLS/NANO/ASYT/LTXC Down. (MTSN had huge volume for two days running and it isn't moving up today.
FORM about flat on the day, and down ~$2 from the day high.
BRKS/TER barely moving.
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