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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (130453)	3/20/2001 7:41:29 AM
From: Road Walker	Respond to of 186894

A quick look at the monthly SOX chart stockcharts.com[m,a]maclyymy[pb50!b200][vc60][iUp14,3,3!La12,26,9] shows that the duration of the current semiconductor correction is now about the same as the ones in 1995-1996 and 1997-1998, 12 months. You could also guess from the chart that we need one more selling event before the SOX starts moving up. The differences are that the SOX stayed near it's peak much longer in this correction, and from a percentage perspective this has been a more severe correction. STO also looks like it is reversing. I would say this is a good time for a long term investor to be buying semiconductor companies, even though there may be one or two months of downside risk; I also think there is opportunity risk at this point by not being in semi's, in that the SOX may start to rally at any time. MHO, John