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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

-0.6%

4:00 PM EST

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From: Return to Sender	11/1/2009 5:53:27 PM
	2 Recommendations Read Replies (1) of 95581

NASDAQ versus VIX with potential levels of support: The techs were in some trouble. They are still in trouble, but are not as bad off as the small caps. On NASDAQ, there is a pretty solid support range at the early August consolidation at 2,000. That is a definite possibility. You have to think of support more in a range than a particular point. There is a range that runs from roughly 1,960 up to 2,000, but there is also a spot at 1,930 in August. There are two significant support lines from way back running right through this level. This is the gap point from October 2008, and that will be a significant level. NASDAQ was at 1,930 in mid-August, and the lower part of the gap takes it down to just over 1,900. That is the range you are looking at to fill on this particular bout of selling. investmenthouse.com RtS

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