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


To: Return to Sender who wrote (4993)8/21/2002 6:17:50 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95406
 
Well it is nice to be on the right side of the market for a change.

<<Heck of a nice day to be long Don.>>

I am finally starting to recover from getting in too early at the beginning of July. Like I said, if I had listened to you back then I would be a lot healthier financially today. So far, so good! It will be interesting to see how far the trend goes before we have a "significant" correction.

<<Note that the Nasdaq's 200-day simple moving average currently rests just over 1700.>>

I sure wouldn't mind seeing that happen.

Remember the low set in October 1998. The NASDAQ close on 8 October 98 was 1419.12. On 11 November 98, it closed at 1862.11. I don't expect anything like that performance, but we could have a good run here.

Don



To: Return to Sender who wrote (4993)8/22/2002 3:36:50 PM
From: Donald Wennerstrom  Respond to of 95406
 
Another half hour to go and the NASDAQ is at 1426 and change. From your post on Briefing.com comments:

<<To the upside, look for the most significant overhead in the range of 1419 to 1423. This area is notable as it coincides with three points of interest over the prior five years -- 1) the September 11th-induced reaction lows which bottomed at 1,423, 2) the reaction lows of October 1998 which bottomed at 1,419 and 3) the ordinary course of its original uptrend during the Summer of 1997.>>

Now we have a decisive break through the area, but let's see if it can close above that area.

Don