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

To: Donald Wennerstrom who wrote (4786)	8/8/2002 6:23:15 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95530

I read Ork covered his short positions in the area today: Message 17854335 Might be a good sign. Also I have been playing around with the Max Pain prices on a lot of the stocks I follow in the group. Max Pain is higher next month for some of the SOX components. For instance ALTR for next Friday is Max Pain at 12.50 but for September it is 15. iqauto.com RtS

To: Donald Wennerstrom who wrote (4786)	8/8/2002 9:14:40 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95530

Closing Technical Market Comments thetechtrader.com Thu Aug 8th 2002 ROOM TO RUN By Harry Boxer, The Technical Trader (www.thetechtrader.com) The day started out rather disappointingly because the futures had been up rather sharply about an hour before the opening, but they sold off right into the opening. As a result, stocks opened mixed to down, and then the first hour or so was spent backing off. Both the S&P 500 and NDX held at support and we had a resulting snapback rally. The rally slightly took out the earlier highs and around the lunch hour the indices drifted into sideways flag patterns, held support again, and then after lunch took off and rallied for the entire afternoon, stopping only a couple times to do some more consolidating/flagging. The market closed very strongly near the highs for the day going away, a very strong day on Wall Street today. The technicals bore that out as well with nearly 2200 up and less than 1000 down on New York. Up/down volume was pushing 4 to 1 positive, with total volume 1.6 billion. An increase in volume – that’s a good sign! Nasdaq had nearly 2000 up and about 1260 down. The up/down volume there was about 3 1/2-4 to 1. At one point early this morning when the market was down, the VXN Nasdaq fear index, was at 71, a higher level than it reached at the previous low. However, that closed sharply down at 59.35, down 9 ½, a big reversal there and what you normally see around important lows. Summarizing of the indices – the Dow was up 256, the S&P 500 up 28.70, the Comp up 35.60, and the Nasdaq 100 up 28. A lot of the gains on Nasdaq had to do with the SOX semiconductor index reversing from 297 to 323, closing at 321, up 13 or 4%. It was a fairly broad rally as well. All stocks on my personal board were up today, led by IBM up 2.44, Amgen 2.31, Microsoft 1.82, QLogic 1.84, eBay 1.52, and Checkpoint 1.58, a big percentage gain there. And in the low-priced sector, Omnivision (OVTI) was up 1.12 to 9.11, reversing sharply from the morning lows when it was down. Overall, the market had an important day today because by mid-afternoon we broke up through the morning highs and then late in the day took out yesterday morning’s gap-up high on the Nasdaq 100. That was significant because the S&P 500 and Dow had already broken out and the Nasdaq confirmed late in the day. Chart-wise, I’m now seeing room to run. Immediate overhead resistance on the Nasdaq 100 is around the 960 area, and then beyond that I’m looking at 990 ,the July 30th rally high. The S&P 500 was at 905.63 at the close, with immediate resistance just above at around 910. Beyond that I’m looking at the 930-35 zone as additional resistance. If we break above this recent SPX high, we will have put in a series of higher lows and higher highs on the S&P 500 for the first time in many months, and perhaps an intermediate bottom will have been confirmed at that point. It’s obviously important we get some more follow-through and don’t sell off too sharply tomorrow morning, and we’ll see how that goes. Good trading! Harry

To: Donald Wennerstrom who wrote (4786)	8/10/2002 2:19:51 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95530

The Group was dragging this week with respect to the SOX and NASDAQ. The Group was up 2 percent while the SOX and NASDAQ were up 5 percent. 8/2/02 8/9/02 FST CALL NEXT FST CALL CLOSE CLOSE PERCENT NXT YR YEAR LNG TRM SYMBOL PRICE PRICE CHANGE EARN PE GROWTH PEG NANO 5.81 6.79 17 -0.06 WFR 3.00 3.45 15 0.45 8 20 0.38 EGLS 3.34 3.79 13 -1.87 22 LRCX 11.66 12.81 10 0.68 19 21 0.92 BRKS 18.29 19.79 8 0.31 64 21 3.11 NVLS* 25.33 27.02 7 1.04 26 23 1.15 HELX 11.60 12.35 6 0.35 35 25 1.41 TER* 13.76 14.61 6 -0.01 20 DPMI 23.34 24.37 4 0.68 36 22 1.63 VECO 13.17 13.70 4 0.72 19 22 0.87 CYMI 25.37 26.34 4 1.55 17 24 0.72 CMOS 13.05 13.49 3 -0.12 20 COHU 14.90 15.39 3 0.61 25 13 2.02 ASML 10.42 10.75 3 0.49 22 20 1.10 UTEK 13.61 13.99 3 0.34 41 25 1.65 FSII 4.42 4.51 2 -0.26 23 AMAT* 13.70 13.86 1 0.66 21 24 0.88 LTXX 9.96 10.06 1 -0.36 20 SFAM 2.84 2.85 0 0.22 13 18 0.74 PLAB 10.97 10.96 0 0.44 25 23 1.08 ASYT 10.36 10.35 0 1.13 9 25 0.37 KLAC* 37.03 36.45 -2 1.83 20 23 0.87 ATMI 17.60 17.12 -3 0.83 21 21 1.01 KLIC 5.56 5.36 -4 0.15 36 20 1.79 PHTN 23.86 22.44 -6 1.05 21 25 0.85 MTSN 2.80 2.62 -6 -0.81 23 TGAL 0.87 0.79 -9 SMTL 6.68 6.02 -10 0.17 35 21 1.70 TOTALS 353.30 362.03 2 10.21 35 SOX-X 301.41 315.89 5 COMPQX1247.92 1306.12 5 * STOCKS INCLUDED IN SOX INDEX