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

To: Return to Sender who wrote (5032)8/23/2002 3:25:20 PM
From: Kirk ©  Respond to of 95572
 
I would think a 50 to 61.8% retrace of the move from the August bottom would be healthy to burn off the over bought condition. Then again, that is also on the way to a new low (both are lower than now).

move 284 to 364 or 80pts
50% is 40 pts
62% is 50 pts
so target is 314 to 324.. .roughly

IF this is da new bull, then buyers should come out of the woodwork at those levels.

If not.... look out below.



To: Return to Sender who wrote (5032)8/23/2002 3:40:04 PM
From: Donald Wennerstrom  Read Replies (3) | Respond to of 95572
 
OK RtS - tell me like it really is!<gg> What does a double bottom breakdown really mean. Are we going to have to go through more misery again?

When I look at the SOX price(now at 336 and change), we took a big hit today, but the price is still far from the low set in early August at 282 and change. What happens now? It sounds pretty ominous!<gg>

Don


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