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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Return to Sender who wrote (43595)	3/3/2009 11:34:24 AM
From: Donald Wennerstrom	3 Recommendations Read Replies (3) of 95572

I was reminded today, as I am watching the S&P 500 drop thru the 600 mark, of the Elliott Wave theory discussed by Amateur Investors Weekend on 2/14. Message 25414155 <<Finally for those that follow Elliott Wave Theory it appears the S&P 500 may be starting its final 5th Wave down especially if it drops below the 804 level. By definition the length of Wave 5 can range from 38% to 62% of the distance from the initial starting point to the bottom of Wave 3. The S&P 500 peaked at 1576 in October of 2007 while the bottom of Wave 3 was 741 (11/21) which is 835 points. So if you take 38% of 835 that yields 319 points while 62% of 835 yields 516 points. Next if you subtract those numbers from the peak of Wave 4 (944) that would yield a potential target price from 625 to 428 before the final 5th Wave down would complete. At this point I believe the 428 level is a bit extreme however a drop into the 600’s is certainly plausible.>> The "plausible" has happened.

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