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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: robert b furman who wrote (45815)	11/10/2009 2:53:18 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (2) of 95572

Bob, this is just a sample of charts showing the past 3 months of action in various sectors and stocks. From the charts above, only 1, the DJI, has shown a strong upward trend since mid August. It has gained about 1000 points since mid Aug and is still looking to be in a strong uptrend. The SOX and SMH have been trading in fairly narrow ranges from 300 to 330 and 24 to 26 respectively. Right now they are trading about in the middle of that range, trying to figure out which way to go. The SPX and NASDAQ have been in an uptrend like the DOW, but not as strong. No new highs for these indices since mid Oct. WFR and COHU are down "big time" since mid Sep and LRCX is down from mid Oct. Based on the above "pictures" I would say we are in a sideways trending market for the most part. Some up, some down, and some in a trading range sideways. As always, how long is this going to continue before further trends become evident? Personally, I don't think much is going to change one way or the other for quite some time. Don

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