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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (33692)	8/21/2001 5:32:41 PM
From: Return to Sender	Respond to of 68396

3:32PM SEMI Preview : CSFB previews the July semiconductor equipment book-to-bill; firm expecting a BTB of 0.63-0.68 vs 0.54 in June... increase likely to be a function of shipment decline continuing to outpace bookings decline... calls the report a lagging indicator, and would argue that data are analytically insignificant. 2:50PM Sector Watch: Semiconductor : -- Technical -- Index tests the bottom of its recent three day trading range (552.41) and attempts to bounce (Semiconductor HOLDRS (SMH) broke a similar level). Needs to work back through 558/559 or it will remain poised for a breakout. Next supports of interest come into play at 541 followed by 537 with the July low at 530. stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a1875][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3] I believe we could see a test of the July low of 530 on the SOX tomorrow morning followed by a rally in the semiconductors that will lead the NASDAQ back higher. I can't wait to see the number of oversold semiconductors on my screen tonight. How close to my previous high of 99 out of 201 might it be? RtS