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

To: Johnny Canuck who wrote (33705)	8/22/2001 10:45:27 AM
From: Johnny Canuck	Respond to of 69852

AUGUST 22, 2001 PREVIOUS NEWS ANALYSIS VCs Say the Worst Is Over "A bit of cheer has emerged on the venture capital front: According to a recent survey conducted by consultancy Deloitte & Touche LLP, VCs on both coasts of the U.S. are starting to feel better about loosening up the purse strings and investing in startups again. While not entirely lifting the fog of economic gloom, D&T's survey of approximately 1,200 venture capitalists found that nearly 90 percent of the respondents believe it's OK to start investing in technology startups again, while nearly 93 percent think that M&A activity will also stabilize or even pick up, a small sign of hope for the moribund tech industry." . .Indeed, some think the storage sector in particular may be heading toward overfunding (see Venture Capital Survey ), like the optical systems and components fields before it. So, there's still some weeding out ahead before a new crop of startups can reach full bloom. lightreading.com .

To: Johnny Canuck who wrote (33705)	8/22/2001 10:49:03 AM
From: Clint E.	Read Replies (1) \| Respond to of 69852

Harry, it is going to be a great day. Just look at how csco and jnpr are being taken down. I am waiting anxiously to buy.

To: Johnny Canuck who wrote (33705)	8/22/2001 1:23:56 PM
From: Return to Sender	Respond to of 69852

From Breifing.com: 12:43PM Sector Watch: Semiconductor : -- Technical -- The semiconductor sector has responded well to the better than expected semiconductor equipment book-to-bill released last night. Currently trading higher by 16 points (+3.1%) at 553, the SOX has held very tenuous support at 536 both yesterday and today which means it has avoided creating new lows going back to April. Not only has it held 536, it is now working on resistance in a band of 550/555 which if cleared will open the way to subsequent overhead around 572 which represents an area of modest recent congestion and approximates its 10-day simple moving average.