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

To: Return to Sender who wrote (4938)	8/19/2002 2:43:47 PM
From: Return to Sender	Respond to of 95598

The SOX passed through the Upper Bollinger Band and the 50 day moving average today. Due to the low volume on this rally I have to admit I remain unconvinced that this rally is anything more than a Bear Market technical rebound. From Briefing.com: SOX testing 50-day simple moving average -- Technical -- SOX testing 50-day simple moving average at 363.5 -- on a break higher, look for subsequent overhead at 370, 375 and 382. To the downside, look for notable support on the index at 353. Sector components demontrating relative strength include: MU, AMD, NVLS, AMAT, BRCM, XLNX . SOX 6 month chart: stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20][vc60][iUb14!Uk14!La12,26,9]&pref=G That being said until the VIX begins to rise again momentum can continue upward for the SOX but the rally is getting stretched to its limits in my opinion. stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20][vc60][iUb14!Uk14!La12,26,9]&pref=G finance.yahoo.com^SOXX&d=c&k=c3&c=^VIX&a=r14&p=b,v&t=6m&l=on&z=m&q=c RtS