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

To: robert b furman who wrote (5587)	9/23/2002 11:59:05 AM
From: The Ox	Read Replies (1) \| Respond to of 95487

I disagree. Mainly because it's too early to say the the DOW has finished it's 5 wave down. (especially since my DOW target has been 6500 for a long time <ng>) I think that most of the worst possible scenario has been priced into the NASDAQ but that the DOW hasn't seen this completely factored in yet. Since the DOW will more or less dictate the direction of the rest of the market, the NASDAQ has farther to fall as it will be pulled down by the drop in the DOW. At some point the market will recognize that there is more upside potential to the NASDAQ components than downside but I stand in the camp that says we still have some work to do before we can complete this bear cycle.

To: robert b furman who wrote (5587)	9/23/2002 12:09:20 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95487

We should get a short term bounce any time in here Robert but it's not going to last near long enough to make any of us who are long very happy in my opinion. The SOX has finally begun to tag the lower Bollinger Band with the RSI on the daily chart at 28! stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10][vc60][iUb14!Uk14!La12,26,9]&pref=G We are tremendously oversold. We should bounce but there is no catalyst to take the market higher in the midst of warning season with the potential of war with Iraq. I'm depressed because I went long too early again. Many thanks Robert to you and to all those who have been contributing to the technical discussion. RtS