Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 348.51

+5.3%

Feb 6 4:00 PM EST

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To: Donald Wennerstrom who wrote (40901)	10/15/2008 11:38:22 AM
From: robert b furman	Read Replies (1) of 95888

Good Morning Don, Just an observation a the few stocks I watch: 1)Sox is showing greater relative strength vs:S&P 500,Russell 2000,Mid cap 400. With regards to individual stocks (Intc and Cohu): The bottom of last Thursday,when looked at on a 30 minute chart, had a strong pop up rally on Friday and Monday BUT did not exceed above its 200 MA (Providing resistance). The following drop from Monday's high has found support just now this morning on its 50 ma. All on 30 minute time periods. Will they hold - relative strength is giving us hope. I believe there is a subtle accumulation and bid going on here - very selectively. BWDIK Bob

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