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Technology Stocks : Semi Equipment Analysis
SOXX 292.04+2.4%Dec 18 4:00 PM EST

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To: Donald Wennerstrom who wrote (47554)4/24/2010 1:07:56 PM
From: Donald Wennerstrom2 Recommendations  Read Replies (2) of 95611
 
The SOX data just posted can be summed up in graphical terms with a chart looking at the past 13 weeks as well as showing the previous 2 quarterly reporting periods. In a word or two, "this time it is different" compared to the previous 2 reporting periods.

In the previous 2 periods, the SOX "sold off" big time. In this past 2 weeks of reporting, the SOX has surged upwards. As a matter of fact, this week the SOX closed above 400 for the 1st time since the week of 2 June 2008, almost 2 years ago. We have 1 more week to go in this reporting period - can the SOX keep the upward trend next week?

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