Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Jacob Snyder who wrote (50879)	1/30/2011 2:07:32 PM
From: Jacob Snyder	4 Recommendations Read Replies (2) of 95378

My plan: Buy this dip, if it's big enough (-10% SPX, -15% SOX). We are in a bull market. The sectors which I expect to lead the market are tech and energy. With the semis guiding to record capex in 2011, my previous posts about a cycle peak in bookings in mid-2010 looks like a bad call. SPX has gone from 667 in 3/09 to 1303 (Friday's high), up 95%. Since the July 2010 low, it's up 29%. A 10% downmove off those highs brings it down to 1173, slightly above the 200dma. We had a bigger % downmove in May to July 2010. If SPX goes down 10%, SOX is likely to decline 15%, which would bring us to 384. That's still above the 200dma.

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