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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (6003)	4/24/2002 7:33:41 PM
From: Jacob Snyder	Respond to of 33421

AOL takes the lead, replacing JDSU: AOL 54B this quarter JDSU 50B last year money.cnn.com Anybody else in the running?

To: Jacob Snyder who wrote (6003)	4/24/2002 8:12:55 PM
From: Stoctrash	Read Replies (1) \| Respond to of 33421

Jacob....excellent KISS post. Short & Sweet and to the point. The only thing you left out was: SOX SUX!!

To: Jacob Snyder who wrote (6003)	4/25/2002 12:00:55 AM
From: John Pitera	Respond to of 33421

Hi Jacob, excellent post. A number of very salient points put very succinctly. Looking at that 3 year SOX chart, it has the look of a Bear market which has not finished playing out. I think you'd have to say that the rally since the 9-21-01 low looks like a corrective rally in nature from an Elliott Wave perspective. I would like to see more follow through on the downside in the SOX index. a daily close below 480 will certainly enhance the near term bearish outlook. KLAC the biggest component stock of the SOX finally took out a 6 week support zone of 62.5-63 today on above average volume as well as decisively closing below it's 50 dma. It has held the 50 dma every single time since it went north of it in mid January. Here we are 3 months later and we have finally closed below it. NVLS also closed below it's 50 dma for the first time today since mid Feb. They sold INTC last week at it's 50 dma and it's now below it's 200 dma. AMAT closed .14 cents below it's 50 dma. Obviously these stocks are vulnerable to a decline to their 200 dma. Here is an update of the SOX component weightings: April 24, 2002 8:22 AM PHLX Semiconductor Sector SOX Total Issues = 17 % Of Qrtly Issue Symbol Open Last MV Ex Date Div KLA-Tencor Corp. KLAC #N/A 63.21 11.71% Maxim Integrated Products, Inc. MXIM #N/A 52.61 9.75% Novellus Systems, Inc. NVLS #N/A 49.57 9.18% Linear Technology Corp. LLTC #N/A 40.50 7.50% 4/24/2002 0.05 Xilinx, Inc. XLNX #N/A 38.97 7.22% Teradyne, Inc. TER #N/A 34.68 6.43% Broadcom Corporation BRCM #N/A 35.46 6.57% National Semiconductor Corp. NSM #N/A 32.46 6.01% Texas Instruments, Inc. TXN #N/A 32.43 6.01% 4/26/2002 0.02 Micron Technology, Inc. MU #N/A 29.39 5.45% Intel Corp. INTC #N/A 29.54 5.47% 5/3/2002 0.02 Applied Materials, Inc. AMAT #N/A 25.90 4.80% Altera Corp. ALTR #N/A 21.14 3.92% Lattice Semiconductor Corp. LSCC #N/A 12.20 2.26% LSI Logic Corp. LSI #N/A 15.14 2.81% Motorola, Inc. MOT #N/A 14.71 2.73% Advanced Micro Devices AMD #N/A 11.84 2.19% Totals 539.75 100.00% SOX Divisor - 0.9722665 SOX Value - 555.1461 phlx.com