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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (1893)	2/10/2002 1:33:04 PM
From: Return to Sender	Respond to of 95953

With former market leaders like CSCO and QCOM (especially QCOM) showing no signs of finding bottom it is hard for me to imagine a sustained rise in the Nasdaq. This week will be very interesting. Thursday night there were 35 oversold semiconductor stocks with RSI's of 20% or below according to my screen. After Friday's rally that number was only 14. The last bottom came in at 55 stocks. I think caution is in order here despite Friday's rise. The market on Monday needs to show it can rise again and not just at the open but actually follow through. I fear it will not happen. Gold and gold stocks are putting on an extremely well sustained rally due to accounting fears accompanied by the continued lack of visibility as it concerns a strong economic recovery. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G Gold is breaking out! This is not something that happens in a healthy stock market. The market will recover but when? Despite a good start in January the month closed badly. This does not suggest we will have a terrific year. Still this is one of the best areas of technology to be invested in if your timing is good or you can be patient. The SOX will breakout higher sometime this year. Despite the upgrades I doubt it will be real soon. There just is no commitment of long term investment dollars showing up just yet. RtS

To: Return to Sender who wrote (1893)	2/10/2002 1:37:35 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95953

I think we might have had a pretty good week, last week, if it hadn't been for Enron. Enron, however, and anything else related to the issue of "bad accounting" pulled the rug out from under any kind of an advance. The question is - how long is this going to continue to weigh on the market? <<Enron Corp.'s blockbuster bankruptcy and controversial finances have planted concern about accounting methods deep within the investment community. Its swift descent from energy-trading giant to scandal-ridden penny stock has spurred heated congressional hearings and shattered confidence in Corporate America's bookkeeping.>> There is a lot of news forthcoming this week, including the quarterly earnings report from AMAT to be released Tuesday evening. It could very well be another very volatile week. Don